Gathering a massive number of automotive pros and patrons under one roof, the 30th edition of Riyadh Motor Show continues preparations for its launch on the 29th of November as the longest-running and leading car show in the Middle East at the Riyadh International Convention and Exhibition Centre (Exit 10).
Held under the patronage and support of the Ministry of Transport, the 4-day show is a must attend event for automotive fans and lovers.
The Saudi car purchase market has witnessed by 2016 a 14% growth rate compared to the rates of 2015 due to car loans, where it amounted to about 32.698 billion riyals during the second quarter of the given year according to reports recently issued by Arabian Monetary Agency.
In light of the above facts and figures and according to a report issued by Frost and Sullivan, the Saudi automotive sector is expected to grow by 3.3%, in particularly with the current Saudi banking facilities. A report by Ernst & Young also noted that the proportion of cars sold up through bank financing between 2012 and 2016 would reach 70% of the total car sales in the Kingdom.
Automotive Manufacturers, mechanics experts and companies from the automotive industry will enhance their market share through revealing their latest models of vehicles, latest technologies, and automotive trends.
With an expected visitor` count of around 100,000 automotive fans, the 15000 square meters’ lot will bring together more than 60 local, regional and international companies of which 15% are first-timers.
Riyadh Motor Show organizers elaborated that the increased turnout of the event in this pivotal period highlights the importance of having specialized fairs that ease direct communication between automobile specialists and the public in the Saudi market.
The organizers added “the significance of the exhibition lies in the provision of an ideal exhibitors` platform to launch their latest car models. In addition to the participating companies’ activities, we have planned a competition for car tuning and customization, workshops and other surprises and interactive activities which will be launched exclusively during the show enticing visitors to attend and interact with the show.”