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Saudi luxury car market thrives
Filed under NewsJan 18WASHINGTON: A number of luxury cars selling for over $1 million have been launched in Saudi Arabia, a sign that the Kingdoms automobile market continues to avoid the effects of the global recession.
Pagani Automobiles, maker of one of the worlds most expensive super cars, has sent a $1.6 million Pagani Zonda to the Saudi capital, Riyadh. It joins several luxury European makes launching super car models in Saudi Arabia including the Swedish Koenigsegg, which sells at $1.2 million and the Dutch Spyker, which costs $265,000 and the German Wiesmann, whose models sell for between $160,000 and $265,000.
Alberto Giovanelli, Pagani Automobiles sales and marketing manager, said the resilience of the Saudi economy in the face of the global recession encouraged the company to send its specialty cars to the Kingdom. The market in Saudi (Arabia) is one of the strongest at the moment, he said. We had an opportunity to team up with a strong local Saudi company and Pagani is spreading our dealership network throughout the globe. This is just one step in our strategy. Pagani produces just 20 highly specialized luxury sports cars each year. Inspired by jet fighters, the Pagani Zonda features a Mercedes-Benz engine and a circular four-pipe exhaust.
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