Monday 24 June 2024

Saudi Arabia emerges biggest car market in GCC

RIYADH, May 5, 2024

The Saudi Arabian car market has emerged as a powerhouse, accounting for more than half of all car sales in the Gulf region. This positions the kingdom as one of the top 20 car markets globally, reported SPA.
Highlighting this dominance, the Zakat, Tax and Customs Authority (ZATCA) has recently revealed that over 160,000 cars were imported into the Kingdom during 2022-2023. 
The statistics show imports reaching 93,199 cars in 2023 alone, and 66,870 cars entering the country in 2022.
The leading car exporters to the Kingdom of Saudi Arabia over the past two years are Japan, India, Korea, US and Thailand.
These vehicles which have been imported then have to undergo vehicle inspection tests by the Saudi Standards, Metrology and Quality Organization (SASO). 
As per SASO data, the vehicle inspection unit had meticulously examined 60,473 vehicles last year to ensure compliance with the highest technical and safety standards. Additionally, SASO issued 18,150 energy efficiency certificates for tyre products.
We are fully committed to enforcing stringent standards for tyre quality and safety in the Saudi market," said Engineer Wael Al Dhiyab, the spokesperson for SASO. 
He also highlighted the organisation's ongoing efforts to promote energy efficiency and support initiatives that contribute to product safety and economic development.
Al Dhiyab pointed out that there had been a significant shift towards electric vehicles. 
"We witnessed a staggering 465% increase in the certificates of conformity for electric vehicles granted by us in 2023 over the previous year. This rise highlights SASO's pivotal role in supporting the transition to clean energy," he stated. 
Furthermore, SASO issued 1,505 fuel efficiency labels for new light vehicles, he added.


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