Saudi Arabia Commercial Vehicle Industry Report 2024-2035: Market Experiencing Transformational Growth by Diversifying its Economy with Vision 2030 [Yahoo! Finance]
ISUZU MOTORS UNSP/ADR (ISUZY)
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Source: Yahoo! Finance
This study examines Vision 2030's emphasis on advanced technologies, including automation, IoT, and data analytics, to enhance logistics efficiency and service quality. It study covers the Vision 2030 targets set by the Saudi Arabian government, its outcomes to date, and future impacts. This study analyzes how this commitment is expected to accelerate the demand for battery electric vehicles (BEVs) and drive truck electrification, supporting the kingdom's vision of a diversified and sustainable economy. Saudi Arabia is undergoing significant economic transformation driven by its Vision 2030 initiative, which aims to reduce dependency on oil and diversify revenue sources. Historically reliant on oil exports, the kingdom is enhancing non-oil sectors to foster sustainable growth. As the second-largest contributor to the Middle East economy after the UAE, Saudi Arabia's economy has grown at an approximate annual rate of 27%. Within the Gulf Cooperation Council (GCC), Saudi Arabia is
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