INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

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.