Saudi Arabia Establishes Development Company for Logistics Services with Investments Exceeding 6 Billion Riyals
Saudi Arabia Establishes Development Company for Logistics Services with Investments Exceeding 6 Billion Riyals
Riyadh – The Ministry of Transport and Logistics Services announced the establishment of the Development Company for Logistics Services as a Saudi joint-stock company with capital exceeding 6 billion riyals, aiming to develop and organize the logistics services sector in the Kingdom.
Minister of Transport and Logistics Services, Engineer Saleh bin Nasser Al-Jasser, said that “establishing this company comes as part of the ministry’s efforts to enhance the Kingdom’s position as a global logistics hub and support achieving the targets of the National Transport and Logistics Services Strategy.”
Al-Jasser added that the company will work on developing, managing, and operating logistics facilities in the Kingdom, including logistics zones, dry ports, container yards, truck and vehicle yards, in addition to providing technical solutions and technical, administrative, and engineering consultations related to the sector.
From his side, the Ministry’s Undersecretary for Logistics Services, Engineer Abdullah bin Abdulaziz Al-Muzaini, explained that “the company will contribute to enhancing integration between different modes of transport and will work on accelerating loading, unloading, and transportation operations, which will positively reflect on improving the quality of logistics services provided to beneficiaries.”
Al-Muzaini pointed out that the company will prepare technical and economic studies for logistics projects, develop infrastructure and innovative technical solutions, and provide training and technical support for workers in the sector.
It is worth noting that the National Transport and Logistics Services Strategy aims to increase the logistics services sector’s contribution to GDP from 6% to 10%, increase the capacity of Saudi ports from 40 million containers to 80 million containers annually, and transform the Kingdom into a global logistics hub connecting three continents.
السعودية الاخبارية ، موقع إخباري شامل يهتم بتقديم خدمة صحفية متميزة للقارئ، وهدفنا أن نصل لقرائنا الأعزاء بالخبر الأدق والأسرع والحصري بما يليق بقواعد وقيم الأسرة السعودية، لذلك نقدم لكم مجموعة كبيرة من الأخبار المتنوعة داخل الأقسام التالية، الأخبار العالمية و المحلية، الاقتصاد، تكنولوجيا ، فن، أخبار الرياضة، منوعات و سياحة.
