Riyadh Motor Show opens with latest models on display
Riyadh Motor Show opens with latest models on display
With the value of car sales in the Kingdom expected to reach $ 22.73 billion in 2012 and $ 25.05 billion by 2013, more than 80 of the world's leading automotive players are taking part in the event featuring over 40 automobile brands.
Four banks are also showcasing their latest automobile products and financing solutions. Car loans from financing institutions contributed to 70 percent of the car sales in 2011 in the Kingdom.
The show is the longest-running and leading car show in the Middle East gathering a vast number of automotive professionals and consumers under one roof.
In 2010, over 96,000 visitors attended the show, making it the highest turnout in Riyadh Motor Show's history.
For buyers, the exhibition offers them a fantastic opportunity to view the latest car models and all that the auto industry has to offer.
Running concurrently with the Riyadh Motor Show 2012 is Saudi Autoshop 2012, the 15th International Exhibition for Auto Repair, Equipment, Tools, Parts and Accessories, which has attracted more than 30 specialized companies.
More than 90,000 trade visitors from the Kingdom and elsewhere the world are expected to attend ongoing the event, which is sponsored by Fiat, Alfa Romeo and Castrol.
The 2012 edition includes passenger cars, commercial vehicles, motorcycles, vehicle bodies and parts, accessories and tools, as well as financial services, such as insurance and loans.
Saudi Auto Shop, which is held concurrently with Riyadh Motor Show, showcases the latest in automotive accessories and spare parts.
"Riyadh Motor Show and Saudi Autoshop collectively serve as a premier business-to-business platform to leverage the robust growth potential of the Saudi automotive market and introduce the latest car models, technology, services and financial solutions," said an REC executive.
He said driving sales of new cars in the Kingdom was the 2009 decision to ban the import of used vehicles of over five years, which had accounted for a quarter of all imported vehicles. He also attributed the rising population for the increase in demand for cars.
The small car segment is marking the largest growth due to consumer preference for more affordable vehicles, accounting for 25 percent of the market, he said.
The exhibition, forming the longest-running and one of the most important industry events in the Middle East, provides an ideal gateway for investors, car manufacturers and distributors to take advantage of Saudi Arabia's promising growth potential, offering direct access to key market segments in the country.
Riyadh Motor Show 2012 displays the latest models of passenger cars, station wagons, Sports Utility Vehicles (SUV), pick-up trucks, motorcycles, Special Purpose Vehicles, and 4x4 vehicles. It also includes automobile financing and insurance services.
Riyadh Motor Show and Saudi Autoshop cover nearly 20,000 sqm gross floor space at the REC.
LeBron James' last-second shot gives Cavs 98-95 win over Pacers in Game 5
- James' 3-pointer buzzer beater puts Cavaliers within one victory of advancing in the Eastern Conference playoffs
- James finished with 44 points, 10 rebounds, eight assists.
CLEVELAND: LeBron James hit a 3-pointer at the buzzer, a crowning moment for another brilliant performance, to give Cleveland a 98-95 victory over the Indiana Pacers on Wednesday night in Game 5, putting the Cavaliers within one victory of advancing in the Eastern Conference playoffs.
Moments after blocking Victor Oladipo’s possible go-ahead driving layup, James caught the inbounds pass, took two dribbles and dropped the winner over Thaddeus Young.
As Cleveland’s sellout crowd exploded, James hugged rookie teammate Cedi Osman before jumping on the scorer’s table to celebrate another of those moments that will define his career.
James finished with 44 points, 10 rebounds, eight assists and went 15 of 15 from the line.
Kyle Korver added 19 points and Cleveland’s much-maligned defense tightened just in time as the Cavaliers seized their first lead in the first-round series after being down 1-0 and 2-1.
Cleveland can close out Indiana with a win Friday night in Indianapolis.
Domantas Sabonis scored 22 points, and Young had 16 for the Pacers, who battled back to tie it 95-all on Sabonis’ 15-foot jumper with 33 seconds left. Indiana, which held Cleveland without a field goal for more than seven minutes during their fourth-quarter rally forced James into a turnover and had a chance to re-take the lead.
Oladipo, who shot just 2 of 15, drove the left side and was at the rim when James swooped in for a block on a play reminiscent of his Game 7 block on Andre Iguodala in the 2016 NBA Finals.
Oladipo’s shooting woes continued. He’s only 12 of 50 from the field in the last three games. He scored 32 in the Pacers’ Game 1 win, but the Cavs have been double-teaming him ever since.
The third quarter has been a major problem for Cleveland all season. The Cavs had tried everything to try and shake things up after halftime, even doing layup lines at the break in Game 4 like a high school squad.
Turns out, all it took was some defensive intensity.
Down by seven at half, the Cavs swarmed the Pacers in the third quarter, forcing five turnovers in the first six minutes and holding Indiana to one field goal over the first 6:52 while opening with a 19-3 run.
Cleveland outscored Indiana 32-17 in the third, when the Pacers shot just 5 for 16 (31 percent) and committed seven turnovers.
The Cavs were again without starting point guard George Hill, who missed his second straight game with back spasms.
James had enough to worry about with the Pacers that he didn’t want to discuss close friend Dwyane Wade’s future.
Miami’s star is mulling retirement after the Heat were eliminated Tuesday in Philadelphia. James spent four years playing in Miami with Wade, who began this season with the Cavs before being traded.
James said that following his last game against Wade he told him, “’If it’s like our last time going against each other, then it’s been everything and more.” James wants to wait for Wade to make his decision and will then “give a more in-depth analysis of his career if he decides to hang ‘em up.”
Pacers: Following Lance Stephenson’s aggressive, wrestling-like takedown of Jeff Green in the waning moments of Game 4, coach Nate McMillan said he reminded the fiery forward to be careful. “The officials are going to be watching that, Lance knows that and there are some times where I think they (the Cavs) are taking advantage.” ... Dropped to 2-12 in their last 14 games in Cleveland. ... James’ triple-double in Game 4 was the sixth against Indiana in the playoffs. James has done it to the Pacers three times.
Cavaliers: With his 21st 40-point game in the playoff, James tied the logo — Jerry West — for the second-most all-time. Michael Jordan scored at least 40 in 38 postseason games. .... Hill’s back has improved in the past few days, but he didn’t look close to playing while sitting stiffly in his locker-room chair before the game. ... Browns Hall of Fame running back Jim Brown sat courtside.
Game 6 is Friday night at Indianapolis.