UAE, KSA lead region in car aftermarket trade

Updated 03 April 2013
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UAE, KSA lead region in car aftermarket trade

Regional trade in auto components in the Middle East is currently undergoing a period of considerable growth, with trade and the commercial hub of Dubai at the heart of this boom.
According to research firm Frost and Sullivan, auto parts consumption across all vehicle categories in the GCC was estimated at $ 8.85 billion (SR 33.2 billion) in 2012 and is set to surge to as much as $ 14.4 billion (SR 54 billion) by 2016.
The aftermarket trade — or the trading of spare parts, accessories, tools and equipment — dominates the market for passenger vehicles. These accounted for 85 percent of the auto components market in the GCC in 2012 at a value of $ 7.55 billion (SR 28.3 billion), said Frost and Sullivan.
The components consumption for passenger vehicles in the GCC is expected to exceed $ 12.3 billion (SR 46.1 billion) by 2013.
The research also indicates that the UAE and Saudi Arabia represent the largest auto component markets in the GCC, making up 78 percent in total. Kuwait follows at third place. The UAE is also the largest re-export market in the GCC region, reshipping about 60 percent of its auto components to onward destinations in the Middle East and Africa.
The region’s climate means that batteries, tires and other components need to be replaced regularly, which keeps the industry busy.
“The upkeep and maintenance of cars is big business all over the world and this is no different across the GCC,” said Ahmed Pauwels, CEO of Epoc Messe Frankfurt.
Auto parts that are most in demand in the Kingdom are batteries, tires and headlights. Kingdom drivers are required to regularly check their car to obtain car documents.
Muhmut Gazi Bilikozen, senior show manager at Automecanika Dubai, said many individuals in the Kingdom service their cars themselves.
They also buy their own spare parts. Saudi Arabia is home to one of the largest consumer base of spare automotive parts among GCC countries. Other reasons for the growth of the Saudi market for auto components are the low cost of petrol, a high demand for cars and the availability of a wide range in financial support to buy a car.”
“The continued growth of the Saudi demand for cars supports the aftermarket trade. A lot of people in Saudi Arabia have their own cars and they also need to regularly maintain them,” Gazi Bilikozen told Arab News.


Saudi Arabia ‘building bridges’ with space science, KACST chief tells Vienna forum

Prince Turki bin Saud bin Mohammed, president of King Abdul Aziz City for Science and Technology (KACST), speaking before the UN Conference on the Exploration and Peaceful Uses of Outer Space in Vienna on June 20, 2018. (SPA)
Updated 4 min 26 sec ago
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Saudi Arabia ‘building bridges’ with space science, KACST chief tells Vienna forum

  • Between 2000 and 2017, the Kingdom launched 13 Saudi satellites along with three other satellites for communication remote sensing and scientific experiment services.

JEDDAH: Saudi Arabia took part on Wednesday in a UN Conference on the Exploration and Peaceful Uses of Outer Space in Vienna.

The Kingdom’s delegation was headed by Prince Turki bin Saud bin Mohammed, president of King Abdul Aziz City for Science and Technology (KACST). Saudi Arabia is an important member of the Committee on the Peaceful Uses of Outer Space.
In a speech to the conference, Prince Turki bin Saud said that the Kingdom has spared no effort to get and localize the best space sciences and techniques for use in vital fields, including education, health and management of water and natural resources, urban planning, environment surveillance, and telecommunications and satellite navigation.
The Kingdom has set a sustainable program for the satellite technology and applications that focuses on qualifying Saudi scholars, engineers and specialists, and developing infrastructure to support and sustain the country’s space industry.
Between 2000 and 2017, the Kingdom launched 13 Saudi satellites along with three other satellites for communication remote sensing and scientific experiment services. By the end of 2018, the Saudi Communication Satellite KA (SGS-1) that is being developed in cooperation with the US Lockheed Martin Company will be launched. This project includes an advanced qualification of Saudi cadres in the field of satellite designing, building and experimenting.
Prince Turki said the Kingdom established the first ground station in the region to obtain high-resolution images, operated by a center specializing in remote sensing technology in KACST. Two satellites will be launched this year, followed by other satellites in coming years to meet local needs.
He said: “Our space scientific missions in the future rely on the approach of small-scale satellite use, which contributes to achieving the low-cost scientific results in comparison with the current international missions. The Kingdom is seeking though its ambitious Vision 2030 and executive programs to build bridges of cooperation with the states that share the same interests of exploring the outer space for the common good of humankind.”
Prince Turki congratulated the Kingdom at the end of his speech on the 50th anniversary of the first UN Conference on Exploration and Peaceful Uses of the Outer Space. He praised the efforts of the Peaceful Uses of Outer Space Committee and thanked the UN Office for Outer Space Affairs, represented by its head Simonetta Di Pippo.