RIYADH: According to top authorities, Saudi Arabia is investing more than SR10 billion ($2.66 billion) in the construction of 18 new logistics zones as part of its efforts to improve its logistical infrastructure.
This action is a component of the nation’s larger plan to draw in both domestic and foreign investment. Saleh Al-Jasser, the Kingdom’s minister of transportation and logistics, declared at the opening ceremony of the sixth edition of the Supply Chain Conference in Riyadh that the Kingdom intends to expand the number of logistics zones from 22 to 59 by 2030.
The Kingdom has effectively improved its logistical capacities to boost the national economy. Due to these advancements, top international corporations have decided to engage in the logistics industry. Al-Jasser stated.
“With contracts signed for creating 18 logistics zones in ports, totaling investments exceeding SR10 billion, both local and international private sectors have committed to establishing several logistics zones,” he added.
Al-Jasser also emphasized the Kingdom’s improving standing in the rankings of container handling countries worldwide. The UNCTAD report for 2024 states that Saudi Arabia built 30 new maritime shipping lines and increased its Liner Shipping Connectivity Index score by 231 points, highlighting the Kingdom’s crucial role in international trade.
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