KSA Automotive Industry Set to Grow @ 12% amidst VISION 2030 Program Enabling Domestic Manufacturing & Penetration of Technology Leading to Automation: Ken Research

Chinese carmaker Chery eyes Saudi Arabian market. Despite the repercussions of the pandemic for the automotive sector, Chery witnessed increased demand since the beginning of 2019, as the company launched its latest models designed with more presentable external frames and attractive interior compartments, and equipped with the latest technological features to meet the aspirations of… Read More »

KSA Automotive Industry | KSA Automotive Market | Covid-19 Impact on KSA Automotive Industry: Ken Research

KSA Automotive Industry: Overview & Ecosystem Kingdom of Saudi Arabia, currently enjoys a strategic position in terms of geography & development of industries with growing economy & improving trade participation in the world. Their automotive industry provides opportunity of high growth with the absence of domestic manufacturing & core dependence on imports for domestic vehicle… Read More »

KSA Automotive Industry Showing Promising Growth of ~12% (2014-2019) Via Efforts of Domestic Dealers Helping in Promoting OEM Brands by Local Retail Network: Ken Research

Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in… Read More »

KSA Automotive Industry Outlook to 2025: Ken Research

The report titled “KSA Automotive Industry Outlook to 2025 – Focus on Technology Adoption & Trends for Dealers, Distributors, Spare Parts Suppliers, Fleet and Leasing Companies and Car service providers” observed that the there is a vast opportunity to disrupt the traditional & conservatively operating automotive Industry in the Kingdom of Saudi Arabia. The report… Read More »