Saudi Arabia is pushing ahead with the construction of 19 logistic services zones worth nearly 29 billion Saudi riyals ($7.7 billion) in investment value in partnership with the private sector, the Kingdom’s Transport and Logistics Services has said.
Saleh Al-Jasser said the world’s largest oil exporter has already established several such zones at key seaports and has invited the private sector for similar projects.
Speaking at a 2023 budget seminar in Riyadh on Sunday, Jasser Riyadh aims to ‘create a solid logistics base’ to become one of the largest hubs in this field in line with the country’s economic diversification scheme ‘Vision2030.’
The Arabic language daily Al-Madina and other Saudi dailies quoted Jasser as saying at the conference that heavy investment in logistics and transport in the Kingdom has largely expanded the sector and boosted its contribution to GDP to 16 percent in 2021.
“We are now working to establish 19 logistics zones in Riyadh, Jeddah, King Abdullah Economic City and other areas in the Kingdom…these projects provide investment opportunities to the private sector worth nearly 29 billion riyals,” the Minister said.
He told the seminar that the Ministry issued permits for more than 1,500 local and foreign logistics companies in 2022, adding: ”The Kingdom is pursuing plans to construct several logistics zones to support industry, tourism and trade.”
In a related report, Saudi financial news portal Argaam reported on Sunday that the Kingdom is targeting to build 59 logistics zones as part of its development plan for air, marine and road transport.
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Managing supply chain and logistics more effectively shall contribute to positive growth of economy in range of 3% to 5% (GDP terms).
Impact of climate change on managing supply chain should be on agenda of all supply chain professionals.
Oil and Gas industry should enlarge its theme to manage supply chains of larger energy domain.
Reduction in current level of wastage in food supply chain shall help mitigate poverty.
Managing Fresh water supply chain needs attention of all.
Sophisticated demand forecast and planning for sure helps improve efficiency of supply chain.
Mauritius Maritime Week 2022 , The Ravenala Attitude, Mauritius 13th -15th December 2022
Annual GPCA Forum , Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia 06th -08th December 2022
Intermodal Africa , Hotel Sarakawa, Lomé, Togo 22nd -24th November 2022
Seamless Saudi Arabia , Riyadh International Convention & Exhibition Centre 02nd -03rd November 2022
DIGITAL TRANSFORMATION CONFERENCE , Virtual Event 01st -02nd November 2022
Asean Ports & Shipping , InterContinental Saigon, Ho Chi Minh City, Vietnam 25th -27th October 2022
World Breakbulk Expo , Shanghai, China 25th -26th October 2022
Indonesia International Transport, Logistic, Equipment & Service Exhibition , Jakarta, Indonesia 05th -07th October 2022
Supply Chain Digitization 2022 , Virtual Event 17th -18th October 2022
Malta Maritime Summit , Malta Marriott Hotel & Spa in St. Julian’s, Malta 03rd -07th October 2022
IATA World Cargo Symposium , London, England 27th -29th September 2022
Baltic & Black Sea Ports & Shipping , Vanagupe Hotel Conference and Spa Center, Palanga, Lithuania 27th -29th May 2022
7th GPCA Research and Innovation Conference , Address Sky View Hotel, Dubai 26th -27th September 2022
Seamless North Africa , Cairo, Egypt 20th -21st September 2022
China (Shenzhen) International Logistics and Supply Chain Fair (CILF) , Shenzhen, China 22nd -24th September 2022
Transport Logistic and Air Cargo Southeast Asia , Marina Bay Sands Convention Centre, Sungapore 13th -15th September 2022
BIMP-EAGA 2022 , Shangri-La's Tanjung Aru Resort and Spa, Kota Kinabalu, Sabah, Malaysia 02nd -04th August 2022
Intermodal Africa , King Fahd Palace Hotel Dakar, Senegal 28th -30th June 2022
Philippine Ports and Shipping , Sofitel Philippine Plaza Manila, The Philippines 21st -23rd June 2022
44th Annual SAPICS 2022 In-Person Conference & Exhibition , Capetown, South Africa 12th -15th June 2022
Trans Middle East , Radisson Blu Hotel, Manama, Bahrain 31st -02nd June 2022
Seamless Middle East , Dubai World Trade Centre 31st -01st June 2022
Digital Sypply Chain Show , Address Hotel, Dubai Marina, Dubai 25th May 2022
Mediterranean Ports and Shipping , Hoteli Bernardin Portorož, Slovenia 24th -26th May 2022
Airport Show , DWTC, Dubai 17th -19th May 2022
13th GPCA Supply-Chain Conference , Hilton Dubai Al Habtoor City Dubai UAE 17th -19th May 2022