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Associated Press
3 days ago
- Automotive
- Associated Press
Gulf Cooperation Council (GCC) Commercial Vehicle Markets Report 2024-2025 & 2028 - Saudi Arabia Dominates in Automotive Sales, Parts Imports, and Re-exports
DUBLIN--(BUSINESS WIRE)--May 30, 2025-- The 'Commercial Vehicle (CV) Market, Gulf Cooperation Council, 2024-2028" report has been added to offering. GCC nations are actively reducing their reliance on oil-driven economies, recognizing the need for diversification as populations grow and oil resources alone cannot sustain future development. From 2011 to 2021, fossil fuel dependency saw a decline, with the UAE leading the shift by reducing oil's share to less than 30% of its GDP by 2023. Economic growth is forecasted at 2.4% in 2024 and 4.7% in 2025, fueled by oil output recovery and diversification initiatives. Key sectors driving this growth include real estate, tourism, manufacturing, and transportation. The region's strategic location and infrastructure enhancements in ports and logistics position it as a global transshipment hub. Rising middle-class wealth and changing consumer preferences further open avenues for sustainable development. In recent years, the GCC commercial vehicle (CV) industry has shown consistent growth, driven by rising demand for light commercial vehicles (LCVs) and the need for medium and heavy vehicles in infrastructure projects and freight transport. The region's dependence on vehicle imports highlights the opportunity for local manufacturing, which could reduce reliance on imports and promote exports, capitalizing on the GCC's strategic location and logistics capabilities. The truck market, primarily reliant on imports, includes major players such as Daimler, Mitsubishi Fuso, Hino, Isuzu, Scania, and SinoTruk. Saudi Arabia dominates the GCC market in automotive sales, parts imports, and re-exports. Additionally, Chinese and Indian automakers have gained significant traction due to competitive pricing and improved quality. The GCC's shift towards economic diversification is fostering growth in sectors like construction, infrastructure, and industrialization. In Saudi Arabia, for example, tourism saw a 56% increase in international arrivals in 2023 compared to 2019, and the UAE's tourism sector is expected to grow by 4.9% annually until 2027. Simultaneously, large infrastructure projects like the Neom Project, Jeddah Central, and the GCC Railway are propelling the demand for commercial vehicles. With ongoing investments in road, rail, and public transport systems, the commercial vehicle market in the region is projected to grow significantly in the coming years. Key Topics Covered: Transformation in the Commercial Vehicle Market Ecosystem: Growth Environment Regional Segmentation Competitive Environment Growth Opportunity Analysis by Country: Saudi Arabia Growth Opportunity Analysis by Country: UAE Growth Opportunity Analysis by Country: Oman Growth Opportunity Analysis by Country: Kuwait Growth Opportunity Universe Appendix Next Steps For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: MIDDLE EAST INDUSTRY KEYWORD: FLEET MANAGEMENT EV/ELECTRIC VEHICLES ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE TRUCKING AUTOMOTIVE MANUFACTURING TRANSPORT MANUFACTURING SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/30/2025 09:42 AM/DISC: 05/30/2025 09:41 AM
Muscat Daily
6 days ago
- Automotive
- Muscat Daily
ROP launches special licence plates for EVs in Oman
Muscat – Royal Oman Police (ROP) has announced the launch of special licence plates for electric vehicles (EVs) set to take effect from May 28, 2025. In a statement, ROP said the initiative is aimed at distinguishing environmentally friendly vehicles by assigning these dedicated licence plates. 'This is part of Oman's commitment to building a more sustainable future and encouraging the adoption of cleaner transport alternatives,' the statement added. It urged all EV owners and relevant stakeholders to take note of the update. The move comes amid a regional push towards sustainability and cleaner transportation solutions. The GCC EV market was valued at nearly US$1.62bn in 2024 and is projected to grow at a compound annual growth rate of 22.3% between 2025 and 2034, reaching approximately US$10.44bn by 2034, according to a recent report by Research
Associated Press
7 days ago
- Business
- Associated Press
Latin America Private Multi-Access Edge Computing Market Radar Report 2025: Competitive Benchmarking of Edge UOL, Embratel, Logicalis, Telefonica Tech, and Tigo Business
DUBLIN--(BUSINESS WIRE)--May 27, 2025-- The 'Private Multi-Access Edge Computing in Latin America, 2025: Frost Radar Report' has been added to offering. Edge computing pushes intelligence, data processing, analytics, and communication capabilities to where the data originates: at network gateways or endpoints. The aim is to reduce latency and ensure efficient networks, operations, and service delivery, and an improved user experience. By bringing computing closer to the data source, edge computing enables latency-sensitive computing and business agility through better control and faster insights. It also lowers operating expenses, resulting in more efficient network bandwidth support. Private multi-access edge computing (MEC) is a private mobile network deployment with edge computing capabilities that is custom-built for enterprises. It enables an infrastructure that runs mission-critical and latency-sensitive applications by offering ultralow latency levels (less than 10 milliseconds). Enterprises usually have a choice of two models: either paying upfront for the hardware and the installation charges of the macro cell tower and MEC and then a lower monthly recurring charge for the services provided; or paying for everything as-a-service with no or minimal upfront costs. Typical contracts have a duration from three to five years, but this may vary by provider. There may be additional charges for gateways, software-defined wide area networks, and other add-ons. Industry participants deploy dedicated computing and networking resources on a client's premises. This approach prioritizes ultralow latency, data security, and customization, ideal for industrial automation, smart factories, and other applications demanding real-time control and stringent data privacy. This distinction translates to key differences in control, security, and latency. Private MEC provides superior control over data and applications, heightened security because of physical isolation, and ultralow latency for real-time operations. Key Topics Covered: Strategic Imperative and Growth Environment Private Multi-Access Edge Computing, Latin America, 2025 Companies to Action Best Practices & Growth Opportunities Radar Analytics Next Steps: Leveraging the Frost Radar to Empower Key Stakeholders A selection of companies mentioned in this report includes, but is not limited to: For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: LATIN AMERICA INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS APPS/APPLICATIONS CONSULTING PROFESSIONAL SERVICES 5G OTHER TECHNOLOGY TELECOMMUNICATIONS SOFTWARE NETWORKS INTERNET HARDWARE DATA MANAGEMENT SECURITY SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/27/2025 08:46 AM/DISC: 05/27/2025 08:45 AM
Associated Press
21-05-2025
- Business
- Associated Press
Trump Tariffs and the Impact on the Power Sector
DUBLIN--(BUSINESS WIRE)--May 21, 2025-- The 'Trump Tariffs and its impact on Power Sector - Strategic Intelligence' report has been added to offering. Discover the impact of Trump tariffs on the power sector, particularly offshore wind capacity. This report explores executive orders affecting energy transition technologies such as solar, wind, and electric vehicles, and delves into trade escalations between the US, China, and North America. Report Scope Reasons to Buy Key Topics Covered: For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY WHITE HOUSE/FEDERAL GOVERNMENT PUBLIC POLICY/GOVERNMENT UTILITIES SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/21/2025 08:48 AM/DISC: 05/21/2025 08:47 AM
Associated Press
20-05-2025
- Health
- Associated Press
2 Day Molecular Biology for the Non-molecular Biologist Training Course: Elevate your Expertise in Pharmaceuticals Research, Development and Manufacturing (ONLINE EVENT: June 3-4, 2025)
DUBLIN--(BUSINESS WIRE)--May 20, 2025-- The 'Molecular Biology for the Non-molecular Biologist Training Course' training has been added to offering. Elevate your expertise in molecular biology to excel in pharmaceuticals research, development and manufacturing. Molecular biology is not just a theoretical pursuit; it's a practical tool essential for understanding and manipulating the DNA, RNA and protein interactions that underpin drug discovery, development, and personalised medicine. This field's applications extend beyond the basic research, impacting biotechnology, microbiology and the pharmaceutical industry. As the demand for advanced molecular techniques grows, professionals must stay current with the latest breakthrough and regulatory requirements. This course will provider you with the knowledge and skills to excel in your role, whether you're involved in research, development, quality assurance, regulatory affairs, or manufacturing. This course offers a comprehensive introduction to these concepts, equipping you with the necessary skills and insights to excel in your role and stay ahead in this dynamic field. Key topics covered in this course: Benefits of attending Certifications: Who Should Attend: Key Topics Covered: Day 1 Principles of molecular biology I Principles of molecular biology II Practical skills in molecular biology Molecular biology, disease diagnosis, personalised medicine and genetic screening Molecular biology and forensics Day 2 Recent breakthroughs in molecular biology Molecular biology in medicine Molecular biology and biotechnology Application of molecular biology discussion For more information about this training visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: BIOTECHNOLOGY GENETICS HEALTH SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/20/2025 08:41 AM/DISC: 05/20/2025 08:40 AM
