INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Saudi Arabia imports more cars in H1 than in whole of last year

Saudi Ports Authority said key import partners include Japan, US, and South Korea, with Thailand, Germany, China, and India also playing a prominent role.
  • The kingdom has imported 320,000 cars during the first half of 2022— equivalent to 57 percent of last year's total figure
  • The cars were mostly imported  from Japan, US, and South Korea, with Thailand, Germany, China, and India also playing a prominent role

Saudi Arabia has imported more cars in just six months of this year than it did in the whole of last year, according to the data published by the Saudi Ports Authority.

The kingdom has imported 320,000 cars during the first half of 2022— equivalent to 57 percent of last year’s total figure.

The number of vehicles imported into the kingdom during 2021 amounted to about 562,000, up 2.9 percent on the previous year.

The cars were mostly imported  from Japan, US, and South Korea, with Thailand, Germany, China, and India also playing a prominent role.

Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo throughput tonnage, official statistics showed in April.

The first three months of the year recorded an increase in the numbers of cars by 12.85 percent with a total of 219,488 cars, data published by the Saudi Ports Authority.