Industry, Logistics & Shipping

Saudi aims to raise logistics sector's share of GDP to 10%

Saudi Arabia aims to enhance the contribution of its transport and logistics services sector to the GDP to more than 10% by 2030, said Minister of Transport and Logistic Services Eng Saleh bin Nasser Al-Jasser.
The minister, speaking during the opening session of the 34th session of the Council of Arab Transport Ministers, which kicked off in Cairo yesterday, stressed that Saudi Arabia attached great attention to the sector, adding that it has recenlty adopted the National Strategy for Transport and Logistics Services, said a Saudi Press Agency report.
He said this strategy aspires to consolidate the status of the kingdom as a global logistic hub and a model for comprehensive transport, targeting to be among the top 10 nations in terms of the logistic services indicators.
Eng Al-Jasser pointed out that the strategy has focused on developing the infrastructure through planning a set of major projects in all transport patterns so as to increase their capacities and enhance regional integration and connection, which includes the land bridge connecting the Red Sea with the Arabian Gulf. The strategy also seeks to launch several logistic platforms across the kingdom.