Ships and Boats in Saudi Arabia: Industrial Report - New Market Report
The ships and boats market declined by 40% over 2007-2012 to reach a value of SR3.2 billion at the end of the period. Weak demand for oil, the main export commodity in Saudi Arabia, negatively affects the commercial vessels category. The Saudi industry is relatively small and imports represent 60% of the market's value in 2012. A large share of the industry's production is re-exported, due to a lack of technological know-how. The industry is expected to grow by a...
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