Saudi Arabia's Car Leasing and Rental Market Set to Hit SAR 10 Billion by 2027
In 2022, Saudi Arabia’s ministry of finance approved a budgeted revenue of SAR1,045 billion, an increase of 12.1% over 2021. the growth is backed by improvement in domestic economy, coupled with positive trend in oil prices – a result of global demand increase and Ukraine conflict. The oil & gas sector is expected to remain a key source of revenue for government during 2022-2024; represented ~73% of total revenue in 2022. After witnessing turmoil in the oil-based economic growth for a decade (2010-2019), KSA is currently focused on transition. Over the next decades (2020-30), the Kingdom has envisioned a prosperous and self-dependent economy through its “Vision 2030 Program. To get Full Analysis report : https://www.glasgowinsights.com/blog/saudi-arabia-car-leasing-and-rental-market-to-reach-sar-10-billion-by-2027/ KSA vision 2030 under the National transformation program aims to contribute close to 80% of trade in retail sector through modern trade and E-commerce. KSA also pl...