Vehicle Sales Steady But Risks Remain

Saudi Arabia's automotive market looks likely to post respectable growth in 2010, after sales rose slightly in 2009 despite the effects of the global economic crisis. Confidence in the sector is robust; dealers are optimistic, and a pilot project to produce Saudi's first car is a sign of interest in the manufacturing side. Economic, demographic and regulatory factors point to a good outlook, though downside risks should be acknowledged.

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