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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

          MAFWR, Port of Duqm sign MoU

          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Saudi auto imports to break 1 million units barrier in 2015

              ifpinfo

              July 27, 2013
              in Business, Trade
              0

              In 2011, Saudi Arabia recorded strong growth as the expansion of the oil sector was complimented by increased stimulus measures. However the earthquake in Japan and heavy flooding in Thailand disrupted the supply chains of several automobile producers. The Kingdom's vehicle stocks were negatively impacted, causing auto imports to marginally increase to 737,197 in 2011. This marked an annual growth of 4.8 percent, according to a report by the National Commercial Bank

              The automotive sector is expected to resume expansion in the medium term. Total vehicle imports are projected to increase between 8-9 percent annually to reach 1,015,187 units in 2015, valued at SR76.4 billion. The return to single-digit growth illustrates that: (1) the double-digit growth of 2010 was simply a recovery phase needed to jolt the sector back to a stable growth momentum; and (2) the slow growth of 2011 was due to extenuating circumstances.

              Demand for vehicles was witnessed across all three automotive segments over the past 2 years: Demand for small passenger cars, SUVs and commercial vehicles rose by 30 percent, 4 percent and 39.8 percent, respectively. The growth of the passenger segment is expected to continue over the forecast period as the youth demographic expands. Shifting preferences of this population segment, alongside rising inflationary pressures, will result in greater price sensitivity among the buyers.

              The ongoing construction boom in the Kingdom is expected to cause a favorable shift to increased demand for commercial vehicles. According to market experts, the commercial vehicle segment is expected to continue its growth over the medium-term. While Japan, US and South Korea are the largest exporters of private cars, Thailand, alternatively will continue to play a large role in the export of commercial vehicles, the NCB report said.

              Commercial banks financing of automotive imports is expected to accelerate in support of rising demand levels. New and settled letters of credit are expected to increase at a 5-year CAGR of 13.5 percent and 13 percent, respectively, to reach SR39.3 billion and SR53.2 billion by 2013.

              While cash and traditional financing methods represent a decent share of sales, the auto-lease product garners the highest share. The actual value of new business for the auto-lease market in 2011 was SR7.9 billion. It is projected to reach SR9.7 billion in 2015 as the rising employment rates of Saudis will supplement the growth of private consumption.
              ifpinfo
              27 July

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