Saudi Arabia Aims to Become a Global Logistics Center by 2030

The Ministry of Transport and Logistics of the Kingdom of Saudi Arabia announces a challenging strategy. The goal is to develop the country’s transportation and logistics sectors. while meeting the growing demand for logistics services around the world. This is in line with Saudi Arabia’s Vision 2030. with the goal of transforming the kingdom into an industrial power and logistics center of the world

since that goal was set Saudi Arabia’s transportation and logistics sector is growing and thriving more clearly than ever before. Until creating a reputation in the global logistics industry This is a direct result of the ongoing efforts by the Ministry of Transport and Logistics. has made great progress by jumping 17 steps from rank 55 in 2018 to rank 38 this year

Prince Mohammed bin Salman Crown Prince of the Kingdom of Saudi Arabia He supported the Kingdom’s efforts in that direction. His Highness has launched a series of projects that cover and focus on various areas of the transport and logistics sector. This includes the announcement of the National Transport and Logistics Strategy (NTLS) for 2021, aimed at strengthening human and technical competence in the transport and logistics sector. Kingdom Sticks And before that, in 2019, the National Industrial Development and Logistics Program (NIDLP) was launched to strengthen the country’s industrial and logistics capabilities. and become a global leader in the industry.

These projects are aimed at turning Saudi Arabia into a global logistics hub. due to its unique geographical location Connecting three continents: Europe, Asia and Africa, Saudi Arabia has the advantage of being a convenient passageway for intercontinental trade and cargo. It also means that 12% of the world’s containers are transported through Saudi Arabia each year.

Saudi Arabia is moving fast to shift its economy away from dependence on oil towards building a more diverse and inclusive economic ecosystem. The logistics sector currently accounts for 6% of its output. Gross Domestic (GDP) and is expected to increase to 10% by 2030, or about 20.1 billion riyals.

To increase cargo capacity and develop a better supply chain Saudi Arabia has announced the opening of 59 logistics zones by 2030, of which 21 are currently in operation. King Khalid International Airport in Riyadh These measures are part of the infrastructure development strategy. which aims to boost business growth. attract investment and increase non-oil revenues to around Rs 45 billion by 2030.

Saudi Arabia’s Vision 2030 It is a roadmap for building a country that is international and sustainable. And because transportation and logistics are the backbone of every economy. The goal of the country therefore consists of developing this sector. building a connection system and increasing the ability to compete globally Saudi Arabia is putting all its efforts into improving its supply chain both internally and externally. Along with improving the process to meet the best international standards To offer world-class infrastructure and services Its goal is to open up Saudi Arabia to the world with many opportunities ahead.

In October 2022, the Crown Prince of Saudi Arabia launched the Global Supply Chain Resilience Initiative (GSCRI) to attract both domestic and foreign investment into the supply chain. It aims to raise 40 billion riyals (approximately $10.64 billion) in the first two years. and aims to provide monetary and non-monetary support to attract investors in the amount of 10 billion riyals.

to drive rapid change Saudi Arabia has set important milestones to be achieved in the areas of rail, road, sea and air transport. Additionally, as the largest and most populous country in the Gulf Cooperation Council (Gulf Cooperation Council). GCC) Saudi Arabia also aims to create more than 200,000 jobs in this sector by 2030.

More information can be found at

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Source: PRNewswire/InfoQuest

PRNewswire/InfoQuest