Mezahem H. Basrawi, CEO of Alhamrani FUCHS Petroleum, talks about the lubricants market in Saudi Arabia. <br /> <br />"The Saudi lubricant market represents 420 thousand metric tonnes. The emerging markets now consist of the Middle Eastern markets and the African markets. These are set to increase by 3.2% per year for the next 5 years or until at least 2019 according to the latest studies. Of course there has been a drop in the European markets and in the US markets and so the emerging markets are now Africa and the Middle East and Saudi Arabia is among the top 5 in the area. The market here is going to be growing at 3.5%. Five years ago, the Saudi market represented 300 thousand metric tonnes and now it represents 420 thousand. It is moving quite fast. Our population has about 8 million cars. The amount of cars that come in per year is close to a million." <br /> <br />Alhamrani FUCHS Petroleum is currently No. 3 lubricant provider in Saudi Arabia with 15-16% market share in volume. <br /> <br />Interview: http://www.marcopolis.net/alhamrani-fuchs-petroleum-saudi-arabia-one-of-the-best-lubricant-producers-in-saudi-arabia.htm?highlight=WyJmdWNocyIsImZ1Y2hzJyJd
