Ministry of Commerce revealed that the total number of existing records for the activity Logistics Services reached 1211 records.
514 registrations since the beginning of the year
The Ministry explained that the number of commercial records issued for logistics services activity is 514 since the beginning of the year, until August 10, and the Kingdom has made significant progress in the logistics sector, with the aim of becoming a global center for logistics services in 2030 due to its capabilities, as it was able through the programs and initiatives it launched to attract local and foreign investments in the logistics services activity.
Nine initiatives to support the logistics sector
The Ministry of Transportation and Logistics has launched nine initiatives to promote the logistics sector, which has attracted foreign companies and investments to the Kingdom to invest in logistics services.
Nine initiatives have been launched to promote the logistics sector, which has attracted foreign companies and investments to the Kingdom to invest in logistics services. Logistics has made strong progress in its surrounding activities, namely import and export, by reducing the time, cost and regularity of importing goods and commodities through re-engineering the process and relying more on automation. It has also made progress in digital transformation, as importers can now track the status of their shipments and their current location in real time.
Ministry of Transport and Logistics has launched nine initiatives to advance the logistics sector, which has attracted foreign companies and investments to the Kingdom to invest in logistics services.
New transportation routes
A new master plan for infrastructure in the transportation sector has also been developed to improve the quality, safety and efficiency of the sector. The plan aims to develop infrastructure, including the land bridge project that will connect the east and west coasts of the Kingdom, and two new railway tracks: the railway line that will connect the GCC countries in the east, and the Yanbu-Jeddah railway line in the west (passing through King Abdullah Port and King Abdullah Economic City).The plan aims to develop infrastructure, including the land bridge project that will connect the east and west coasts of the Kingdom, and two new railway tracks. New multi-modal logistics terminals are also expected to be established to meet the growing demand for sea-air, rail-land, and air cargo connectivity by modernizing their airports and expanding air cargo facilities and seaports.
New multi-modal logistics terminals are also expected to be established to meet the growing demand for sea-air, rail-land, and air cargo connectivity by modernizing their airports and expanding air cargo facilities.
