Join us for this month’s ABANA-Arabia Monitor MENA Markets Call:
The Automotive Industry in the MENA region
Wednesday, April 10, 2019
9:30 am (New York, GMT-04:00)
2:30 pm (London, GMT+01:00)
5:30 pm (Abu Dhabi, GMT+04:00)
4:30 pm (Amman, GMT+03:00)
By RSVPing to this call you agree to provide your contact information to Arabia Monitor. Arabia Monitor may contact you directly following the call.
Highlights for this call will include:
- GCC nations are some of the most rewarding markets in the MENA region for vehicle manufacturers, with high demand for luxury cars, sports cars and utility vehicles.
- Morocco’s auto industry has become the kingdom’s top exporter, leaping past agriculture, minerals and textiles to account for 24.4% of the total.
- Egypt’s car manufacturing industry has been battered since the Arab Spring but there are signs of recovery, including through government support and new/returning players such Kia and Mercedes.
- Egypt is expected to be the region’s top economic performer in 2019, followed by Iraq.
- Data from SAMA, the Saudi Arabian Central Bank, suggests the economy is moderately improving driven by expansionary fiscal policy and diversification efforts. The government plans to issue international sukuk in 2H 2019 (total issuance could be around USD 31B in 2019), which could provide sufficient headroom to plug the fiscal deficit further.
The ABANA-Arabia Monitor Monthly Conference Call Series is led by Arabia Monitor’s CEO and Chief Economist Dr. Florence Eid-Oakden, a respected authority on the economy and geopolitics of the MENA region. Dr. Eid-Oakden is joined by a team of analysts to provide insights into emerging issues in and affecting the region. Calls are open to all ABANA members.
*Please note that the title and content of the call are subject to change to reflect and include the most recent events affecting the region.
**The call will not be recorded