On the 94th occasion of Saudi National Dayy, the Ministry of Transport and Logistic Companies reflected on the central purpose that Saudi Arabia has performed in the budge of the international logistics sector, and shared how Saudi Vision 2030 is riding the introduction of the next era of logistics within the Kingdom.
This comes earlier than the International Logistics Discussion board (GLF), which the Ministry of Transport and Logistic Companies is cyber web hosting in Riyadh from October 12-14, 2024, on the King Abdullah Monetary District. Bringing together higher than 100 audio system, including ministers, enterprise experts and personal sector champions, GLF 2024 promises to take care of the enterprise’s most pressing challenges and show fresh alternatives.
Held below the esteemed patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, this landmark event is poised to foster unheard of international collaboration, reshaping the blueprint forward for the realm replace and present chain panorama.
“Saudi Arabia has constantly sat on the crossroads of three continents, serving as a crucial replace route between Asia, Africa, and Europe for hundreds of years,” said H.E. Ahmed S. Alhassan, Assistant Minister of Transport and Logistic Companies. “In fresh years, led by Saudi Vision 2030 and its theme of making ‘A Thriving Economy’, Saudi Arabia has striven to vastly make its logistics sector, securing the Kingdom because the north star of latest world logistics.”
Below the Saudi Vision 2030 theme of ‘A Thriving Economy’, strategic targets, which encompass the introduction and enchancment of logistics hubs, enchancment of native, regional and international connectivity of replace and transport networks, and enhancement of the ease of doing enterprise, salvage keep of dwelling the course for the speak and growth of the logistics sector within Saudi Arabia.
Furthermore, the 2024 Agility Rising Markets Logistics Index continues to unhealthy Saudi Arabia highly proper by technique of several key measures and presentations the affect of the agenda keep of dwelling forth by Saudi Vision 2030. Saudi Arabia ranks sixth for International Opportunities in the logistics sector, shifting up three locations from 2023. In Alternate Fundamentals and Digital Readiness, Saudi Arabia ranks third and sixth respectively, demonstrating the stable standing of the Kingdom in world measures logistics leadership.
These efforts salvage resulted in Saudi Arabia advancing 17 positions in the World Monetary institution’s Logistics Efficiency Index, reflecting the Kingdom’s dwelling as a world logistics chief.
Pushed by the National Transport and Logistics Technique, which outlines a slew of mega projects proper by technique of the sphere, funding and explain in the logistics enterprise has grown impulsively in Saudi Arabia. The consequences of this sectoral growth are already definite. In exactly two years, Saudi Arabia has jumped 9 locations to change into the 15th largest handler of transport containers globally in the 2024 Lloyd’s Checklist listing, cementing it as a crucial world chief in international transport.
The Kingdom has spent 4.5 billion SAR to enhance ports proper by technique of Saudi Arabia, enabling this speak and unlocking future likely. King Abdullah Port, situated on the Red Sea, is main the shift towards green port operations, with solar energy techniques and water-efficient practices lowering the port’s carbon footprint by over 20 per cent while rising its efficiency and effectiveness.
In aviation, tens of billions of bucks value of commitments were sealed for fresh plane. On the Future Aviation Discussion board, held in Riyadh in Can also earlier this 300 and sixty five days, the largest plane listing in Saudi historical previous was as soon as signed when Saudia Crew presented an listing for 105 confirmed Airbus plane for its team of airways. Beyond plane, valuable investments in Saudi Arabia’s airports, led by the Recurring Authority of Civil Aviation (GACA), will safe certain each and every passengers and freight will seamlessly connect from proper by technique of the globe in Saudi Arabia.
Underpinning the precious investments in the logistics sector is a rising enthusiasm proper by technique of Saudi Arabia to change into section of it. Fresh enterprise registrations in the sphere elevated by a outstanding 76 per cent in Q2 2024, the fastest-rising sector in Saudi Arabia, and a reflection of the must contribute to the blueprint forward for logistics in Saudi Arabia and globally.
At GLF 2024, that future will take form as fresh alternatives are grasped and challenges addressed. All over key subject issues including sustainability and suppleness, the event’s current audio system will lift keynote speeches, interactive displays, fireplace conversations, and in-depth breakout sessions for world attendees, making certain a various and stimulating program that addresses essentially the most connected and timely topics in the realm logistics enterprise.
