Saudi market prepares for ‘driverless cars’

Updated 03 July 2014
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Saudi market prepares for ‘driverless cars’

The Saudi market received the first car to be driven without a driver through a remote control.
In the first appearance of the brand BYD, which launched the first of its branch in Jeddah, through its agent company First Advanced Auto.
The launch event took place in the presence of Anwar Habibullah, consul general of the Republic of China, a number of businessmen and the media.
Mohammed Mesbahi, executive vice president of the First Advanced Auto company, expressed his happiness of being the official agent of BYD brand in Saudi Arabia.
The consul general later launched the pages of social networking sites and so wrote the first tweet and the first post on the Facebook page and Twitter.
These networking sites would help build the brand in the minds of Saudi society. A dedicated team works for 24 hours on these sites to connect with the audience and find out their requirements and their opinions and suggestions.
Ibrahim Qahtan, general manager of BYD Arabia, unveiled four models to the Saudi market, which combine the technology of automotive industry and information technology.
The visual presentation stunned the audience as the first model BYD F3 was unveiled. This is designed to be a sports sedan including smart technologies with streamlined exterior is modern and contemporary, including multi-functional steering wheel, adjustable control panel, harmonious and integrated centralized command displays all the Navigation information clearly through touch technology.
Then came the launch of the second car BYD F7. With specifications of endless power dynamics, its presence on the road draws attention. People can enjoy the harmony and the spaciousness of the interior cabin, to the design of its seats covered with soft leather.
The event also witnessed the unveiling of the third car BYD S6. It is being launched after three years of continuous research and development,
Also, the curtain was lifted for people to enjoy BYD F5 (a car that can be driven without a driver via remote control). The pilot can control the path of movement to reverse and forward or direct it right or left without exceeding 7 km/h speed limit.
Steering control remote, the use of turbo pumping technology, direct-injection and smart devices and a creative workmanship have generated a huge interest.
Diene Chung, regional director for the brand BYD Middle East, said that although BYD did not sweep the Chinese market significantly, its accelerated growth had created confidence in Middle East markets.
It owns four car assembly factories in the regional states such as in Iraq, Egypt, Sudan and Ethiopia, which provide a solid foundation in the development process in the region.
BYD was established in 1995 and listed on the Hong Kong Stock Exchange in 2002.


Hong Kong economy cools as trade tension mounts

Updated 16 November 2018
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Hong Kong economy cools as trade tension mounts

HONG KONG: Hong Kong’s economic growth slowed in the latest quarter and the government warned it could face headwinds from US-Chinese trade tension and higher interest rates.
Government data Friday showed the Chinese territory’s economy expanded by 2.9 percent over a year earlier, down from the previous quarter’s 3.5 percent.
Exports rose 5 percent over a year earlier, but the government said the impact of trade tension and weaker global demand “has begun to surface” and is “likely to become more apparent in the near-term.”
The government said Hong Kong also faces a drag from higher interest rates. The Hong Kong dollar has a fixed exchange rate with the US dollar, which requires the central bank to raise interest rates along with the US Federal Reserve even though economic growth is slowing.