Saudi Arabia’s passenger car market is expected to reach US$ 29.3 bn by 2022. Growth in Saudi Arabia passenger car market is predominantly led by the lift of the ban on women driving, rising disposable income, vehicle financing, and expanding infrastructure. Twenty percent of Saudi women – about three million – will drive by 2020. The kingdom’s royal decree that allowed women to drive from June 2018 will create new job opportunities for Saudi nationals. It will also lead to incremental new capital investment in infrastructure, increase insurance revenue, and be the catalyst for the creation of new, women-only driving schools. Car sales are expected to grow by 9% each year until 2025 due to the demands of the new female customer segment, while the annual growth rate for car leasing is expected to have an annual growth rate of 4 percent between 2017 and 2025. Additionally, the motor insurance market is expected to grow 9 percent annually to reach US$ 8 bn in 2020.