Saudi Arabia Emerging as Regional Auto Hub
VIENNA, Va., March 13, 2013
USSABC to Promote Saudi Auto Industry at Michigan Conference
VIENNA, Va., March 13, 2013 /PRNewswire-USNewswire/ -- The U.S.-Saudi Arabian
Business Council (USSABC) is hosting a conference, titled "Saudi Arabia: New
Auto Market Hub for the Middle East, Africa, and South Asia," in Birmingham,
Michigan on June 26, 2013. The program will bring together senior Saudi
Government officials, major Saudi industrialists, and leading OEMs to
highlight the advantages of doing business in the Middle East's largest car
The Saudi Government has taken a number of steps to build an automotive
cluster in the country. Isuzu of Japan is already assembling light trucks in
Saudi Arabia and Jaguar/Land Rover has recently signed a letter of intent to
build a manufacturing plant as well. Low energy costs, a pro-business
environment, and the availability of raw material inputs for vehicle
"lightweighting" are drawing the attention of OEMs and automotive component
suppliers worldwide. Reducing vehicle weight to meet rising fuel efficiency
targets is a priority among most auto manufacturers. Lightweight plastics and
aluminum are key material inputs for this effort. Saudi Arabia is home to the
Saudi Basic Industries Corporation (SABIC), a world leader in automotive
plastics technology, and also boasts one of the world's largest integrated
aluminum production facilities, a joint venture of Alcoa and Ma'aden, Saudi
Arabia's leading mining corporation.
Rising auto sales in Saudi Arabia and other emerging markets in the region has
also put the country on the map for OEMs looking to tap into new growth
opportunities. Saudi Arabia's vehicle sales totaled 759,000 in 2011 and are
expected to pass the 1 million per year mark by 2018. The country also has
tariff free access to the 1.2 million annual auto market of the Gulf
Cooperation Council (GCC) nations and has rapid access to more than 400
million consumers in the Middle East and North Africa (MENA). The powerhouse
market of South Asia – approximately one-fifth of the world's consumers – is
within easy reach by air and sea.
Confirmed speakers for the event include H.E. Dr. Tawfig Alrabiah, Saudi
Minister of Commerce and Industry; Eng. Mohamed Al-Mady, Saudi Arabian
Co-Chairman of the USSABC and Vice Chairman and CEO of SABIC; Mr. Peter
Robertson, U.S. Co-Chairman of the USSABC and former Vice Chairman of Chevron
Corporation; and Eng. Azzam Shalabi, President, National Industrial Clusters
Development Program. Invited speakers include representatives from the Royal
Commission for Jubail and Yanbu, General Motors, Isuzu, and Land Rover.
The conference will take place from 9:00 a.m. – 2:00 p.m. at the Townsend
Hotel in Birmingham, Michigan. For more information and to register for the
conference, please visit www.us-sabc.org/autoconference.
About the USSABC
The U.S.-Saudi Arabian Business Council (USSABC) was established in December
1993 to improve the mutual knowledge and understanding between the private
sectors of the U.S and Saudi Arabia and to promote and facilitate increased
trade and investment between the two countries. The USSABC has built a
membership base of approximately 400 leading companies in the U.S. and Saudi
Arabia and serves as the central source of information and assistance for
companies that want to pursue specific business activities in Saudi Arabia.
The USSABC organizes conferences and seminars in both countries to promote
dialogue between the two private sectors, as well as trade and investment
missions that provide networking opportunities for U.S. and Saudi companies.
For more information on the Business Council, please visit www.us-sabc.org.
Manager, Communications and Information Services
U.S.-Saudi Arabian Business Council
SOURCE U.S.-Saudi Arabian Business Council
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