This move is part of the kingdom’s wider strategy to attract local and global investments.
Saudi Arabia is developing 18 logistics zones near ports, with total investment worth over $2.66 billion, and plans to raise the number of such zones from 22 to 59 by 2030, minister of transport and logistics Saleh Al-Jasser told the sixth edition of the Supply Chain Conference in Riyadh.
Ninety one pacts worth $2.20 billion were signed there to develop operations and efficiency of supply chains.
The sixth edition of the Supply Chain Conference in Riyadh witnessed signing of 91 agreements worth SAR 8.3 billion ($2.20 billion) aimed at developing operations and efficiency of supply chains, an official news agency reported.
Al-Jasser said the integration of various transport modes—such as ports, airports, and railways—into a unified and efficient system will boost competitiveness and facilitate seamless trade flows.
“The focus will remain on bolstering maritime shipping routes, expanding air freight operations, increasing rail freight capacities, and activating logistics centers to support sustainable development, further cementing the Kingdom’s role as a global logistics hub and a vital link in international supply chains,” he said.
Fibre2Fashion News Desk (DS)
