Car show opens, boosted by advent of Saudi women drivers

Car manufacturers will be the first to benefit in allowing women to drive, along with banks and insurance companies that finance and underwrite new car purchases. (Reuters)
Updated 05 February 2018
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Car show opens, boosted by advent of Saudi women drivers

RIYADH: The decision to allow Saudi women to drive starting June this year has brought bright prospects to the local car industry as the biennial three-day Automechanika car show takes center stage on Monday.
Saudi Arabia is the largest auto and auto parts market in the Middle East, accounting for an estimated 40 percent of all vehicles sold in the region, statistics show. The Kingdom imported about 1 million vehicles in 2016.
Ahmed Pauwels, CEO of Messe Middle East, which is a co-organizer of the show, said the influx of Saudi women drivers will have a significant impact on auto parts, maintenance and services industry in the Kingdom.
“Car manufacturers will be the first to benefit in allowing women to drive, along with banks and insurance companies that finance and underwrite new car purchases,” Pauwels said.
At present, the Kingdom already has seven million passenger vehicles in operation and this will increase significantly in the coming years, with some nine million new drivers expected to be added to the roads.
He advised car manufacturers and suppliers in the Kingdom to stake their claim early in the market, which is full of opportunities.
He added that after the car manufacturers benefit, “the aftermarket comes next when these millions of additional cars will require regular repair maintenance, replacement parts, tires, batteries, accessories, car care and grooming.
“Revenues for the Kingdom’s aftermarket was worth more than $6.7 billion in 2016, so it’s already a significant market, and the largest in the Middle East,” he said.
The exhibition, with 200 companies from 25 countries as participants, is being held from Feb. 5 to 7 at the Riyadh International Exhibition Center with Mansour Abdullah Al-Shathri, Riyadh Chamber’s board vice chairman, as the guest of honor.


US highlights Saudi Arabia’s key role in global fight against terrorism

Saudi Arabia has continued to maintain a strong anti-terrorism relationship with the US. (SPA)
Updated 20 September 2018
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US highlights Saudi Arabia’s key role in global fight against terrorism

  • The US State Department pointed out that the Kingdom has achieved a high level of accuracy in its counterterrorism operations

WASHINGTON: The US State Department has praised Saudi Arabia for its efforts to combat terrorism, describing the Kingdom as an active and key member in the global coalition to defeat Daesh.
“Saudi Arabia has continued to maintain a strong anti-terrorism relationship with the United States and has supported the strengthening of bilateral cooperation between the two countries,” the State Department noted in its annual report on the global state of terrorism. It also highlighted the joint strategic vision between the two countries and a number of new initiatives to counter terrorist messages and disrupt the financing of terrorism launched last year during US president Donald-Trump’s visit to the Kingdom.
The report said Saudi Arabia has implemented systems to follow UN Security Council sanctions on groups and individuals linked to Daesh and Al Qaeda, and has expanded existing counterterrorism programs and projects to rehabilitate terrorist fighters who leave extremist groups. It has also adopted laws to counter the financing of terrorist groups.
The State Department pointed out that the Kingdom has achieved a high level of accuracy in its counterterrorism operations, and has carried out a number of arrests and disrupted active terrorist cells throughout the country.
The report referred to terrorist plans that were thwarted in the Kingdom, noting the efforts being made in legislation, law enforcement and border security, as well as the country’s positive contribution as a member of the Financial Action Task Force for the Middle East and North Africa, a regional body that imposes financial sanctions on individuals and groups that help to fund terrorism.
"The Kingdom has maintained strict control over the banking sector and tightened sanctions on the financing of terrorism," the report said.
It also pointed out that the Kingdom provided 100 million euros ($117 million) to fight terrorism in the Sahel countries in Africa, as the Kingdom is a founding member of the Global Counter-Terrorism Forum.