With presence of the Acting Deputy Governor of Eastern Province, Mr. Zareb Saeed Al Qahtani
Fawzan: we work in a market size on more than 21 billion riyals and a candidate for growth by 3.3 percent in 2009
Jalal: 4000 Real exchange is the average annual household consumer electronics Kingdom
Inaugurated recently by the Acting Deputy Governor of Eastern Province, Mr. Zareb Saeed Al Qahtani branch of the company's electronics, "Extra" Corniche valued at Dammam, in the presence of Abdullah Fawzan Chairman of the Board of Directors at a special ceremony on the occasion .
Fawzan expressed his thanks to HH the Deputy prince of the eastern region for honoring and launch the new branch, saying that the electronics company working to create model policies in the electronics retail sales.
During that brief period of old and not more than five years launch first branch in Dammam and atheist tenth in the Kingdom, through the acquisition of the larger proportion of leadership in the electronics market in Saudi Arabia, which has a size of 21 billion riyals, and the candidate Growth through 2009 by up to 3.3%, according to indicators of high demand for electronic products paid, with an acceleration of development promoted by the Declaration of the Custodian of the Two Holy Mosques, the government allocated an amount of 400 billion dollars for development projects. And no support is limited by increasing salaries for staff and students at all levels , The President of the United Company for Electronics Extra had declared.
"The average annual exchange of electronic devices vary from city to another, with an annual average consumer in Riyadh to 5 thousand riyals, in Jeddah, up to 3,500 riyals in Dammam, up to 3 thousand riyals a candidate for growth As saying" , Said Mohammed Jalal between the Executive Chairman of the United Electronics Company.
He pointed to the existence of vital sectors in the electronics market to grow significantly as organs computer, which is growing by up to 25%, in the great development in the sectors linked to the Internet and through various means in addition to the high rate of Internet use in Saudi Arabia, which is established by the recent statistics indicate That 80 per cent of households in Saudi Arabia connected to the Internet.
Jalal also confirmed that Kingdom needs to 4.5 million housing units over the next 20 years, which increases the demand for household appliances and plasma flat Kalshachat growing by more than 40% to varying prices and unique Extra sales of up to half of the Saudi consumer of such devices, in addition to the organs Portable computers and mobile phones, which are all more than 50% of the total consumer electronics industry.
Finally ,The concepts that the new global market and the revolution in digital communications has increased competition among manufacturers, especially with the entry of new names, which returned the benefits to consumers in the form of promotional prices accessible to all , he said.
-Ends-
© Press Release 2008
