GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Automobile

 
  Share
  • Sector set to grow at 5,1% CAGR to be worth SAR 33.6 billion by 2021
  • New women drivers set to drive vehicle sales

Dubai, UAE, December 5, 2017:  The Middle East's premier international trade and networking event, Automechanika, is now headed to Riyadh, capital and largest city of the region's largest automotive market, Saudi Arabia.

With the launch of Automechanika Riyadh, which will open doors for the first time in the Kingdom's capital in February next year, Automechanika has now extended its reach to cover the breadth of the automotive aftermarket in the country.

'The Riyadh edition of Automechanika, will be held every alternate year, interspersed with the Jeddah edition, will give us a wider reach across the Kingdom's vast aftermarket, especially in  the central and eastern regions of the Kingdom. It will also enable international automotive aftermarket brands to gain better access to some of the most important markets and buyers in the country,' said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, who are organising the event in collaboration with Saudi partners, Al-Harithy Company of Exhibitions (ACE).

Zahoor Siddique, Vice President of Ace Group, said: “ACE is pleased to expand its footprint in Riyadh with the launch of Automechanika Riyadh, importantly because Riyadh has the largest number of aftermarket companies in the Kingdom. Also this show will cater to the neighbouring Eastern Province due to its close proximity.”

When the Riyadh edition of Automechanika kicks off in February next year at the Riyadh Centre for Exhibitions, the attention of the regional automotive aftermarket will be fixed on the Saudi capital, with more than 150 exhibitors from 20 countries already signed up to exhibit products and services covering: Parts and Components, Electronics and Systems, Accessories and Customizing, Repair and Maintenance, Tyres and Batteries and Car Wash.

Worldwide interest in the Saudi Arabian automotive sector has surged, given that it is expected to sustain an impressive growth of 5.1% CAGR till 2021, when it is estimated to be worth SAR 33.6 billion in revenues. The total number of vehicles in operation in the Kingdom too, is expected to reach 10.3 million by 2021 from the 2015 level of 7.7 million, incrementally increasing the potential aftermarket.

Another factor that has tremendously excited key stakeholders in the automotive and aftermarket sectors has been the recent Saudi Arabian government decision to allow women to take to the wheel in the Kingdom. This is expected to drive up cars sales in the Kingdom quite considerably.

Currently, women form about 45% of the total Saudi population and about 10 million of them are between the ages of 15 and 64. Additionally, around 65% of the women in the Kingdom, plan to apply for a driving license as soon as the law allows it. Most significantly, around 85% of the women set to take the wheel, are planning to buy cars as soon as they hit the roads.

The resulting growth in vehicle sales - both new and used - is also expected to have a ripple effect on the aftermarket, with significant impact on demand for parts and services, procurement and repair and maintenance.

Spearheading the foray of international brands making their presence felt at Automechanika Riyadh include Launch Partners: MCB, Samir Odeh and O2Proformance. They are joined by big names such as: Japan Toyamoto Corp, Donaldson Europe, ZF Services Middle East and Blinker. The inaugural event has also attracted Country Pavilions from  Germany, Italy, Spain, UK, and China. 

Based our of Riyadh, Samir Odeh is one of the leading provider of parts and components across the transportation, manufacturing and industrial sectors in the Kingdom. The importance they attach to the Eastern and Central Regions of the Kingdom can be deduced from the fact that they have established their headquarters in the Kingdom in Riyadh since 1968.

Ahmed Al Hussaini, the Managing Director for the Gulf region at O2Proformance, said: “We decided to participate at Automechanika Riyadh, as the visitors fit our target market perfectly.  The Kingdom's Central and Eastern regions are hugely important to us, and our product range is specifically designed to meet the needs of the regions' automotive aftermarkets.”

With a total area is 15,000 sqm, the Riyadh Exhibition Centre provides a modern and easily accessed venue, with four halls of different sizes. The complex has independent facilities for each hall for reception and registration services and security arrangements.

Warehouses, temporary storage facilities and dedicated loading and unloading areas are available for the benefit of exhibitors on the eastern side of the complex.



Posted by : GoDubai Editorial Team
Viewed 21143 times
Posted on : Tuesday, December 5, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ford 2018 Trends Report Underscores How Consumers and Companies March Ahead in Uncertain, Interestin...
Next Story : Jaguar XE SV Project 8 Is World's Fastest Saloon Car, With Record Nürburgring Nordschleife Lap
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Introducing Burberry Bespoke Fragrances
Making many tones from one
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
Longchamp Spring/summer 2019 Show
A Chaumet Valentine's Day Sentimental jewellery
Persil Appoints Nancy Ajram as the new Regional Brand Ambassador
Tissot PRS 516 Alpine Limited Edition A sporting tribute
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
The Preston watch collection by Coach
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
Tag Heuer Demonstrates Watchmaking Mastery With Its New Carrera Calibre Heuer 02...
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Beef Sushi- Love at first bite
Always take the front row with this 7.2” supersized smartphone screen
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
Walid Atallah's “Dream Dress”: The new revolution in the World of Fashion 2019
HUGO BOSS watches Legacy Casual Family collection
Nissan Energy demonstration hits the spot
Scuderia Ferrari presents PILOTA Family Collection
Bollywood Actor Anil Kapoor to inaugurate 2 new outlets of Malabar Gold & Diamon...
Jewellery shoppers to keep winning big this Dubai Shopping Festival
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
Luxury jewelry house Dhamani 1969 launches exclusive CHRYSALIS collection
MALABAR GOLD - DSF Winner Photo for Release - Anandan Ganesh
Spring/Summer ‘19 Collection IL Gufo Underwater
Sawalef Perfumes unveils product range of delicate scents in 2019
Flying Grand Regulator now available in new colour combinations
Nicole Kidman at the Golden Globe Awards
Joyalukkas Shopper wins BMW Car in DSF Mega Promotion
Time for Unsung Heroes to Be Recognised With Citizen Campaign
Bollywood Actor Anil Kapoor inaugurated 2 new outlets of Malabar Gold & Diamonds...
Al Mouj Muscat pays tribute to Oman with Layers of Oman Exhibition
Dubai-based sports star Sarra Lajnef gets Women Leadership Award
Airbus boosts Intersec 2019 with Progressive Comms Technology
OMEGA reintroduces the iconic Calibre 321
The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resource...
Dawoodi Bohra Trade Expo begins at Expo Centre Sharjah
Audi turns the car into a virtual reality experience platform at CES
Opening Ceremony of Azerbaijan House in the United Arab Emirates
Citi UAE opens Citigold lounge in Abu Dhabi.
Alawwal bank becomes first Middle East firm to offer AI training for all staff
2020 Cadillac XT6 Makes Global Debut
The UAE-Kosovo Economic Forum launches a new phase of economic partnerships
The Region's Most Anticipated Shopping Festival Is Back at Burjuman
Central Bank of the UAE Holds its 1st Board of Directors Meeting for 2019
Global Energy Forum: His Excellency Khalid Al-Falih's address on day three
IPAF hosts 10th UAE Nadwa
Sultan Awards Oil & Gas Exploration Concession to Italy's Eni
UAE residents go on a two-week Camel Trek across the UAE desert