The Minister of Transport and Logistics stressed the importance of reshaping supply chains
The Minister of Transport and Logistics stressed the importance of reshaping the supply chain
Supply Chains and Logistics Conference. In his speech at the opening ceremony, the Minister of Transport and Logistics emphasized the importance of reshaping supply chains through new strategic partnerships to face the radical transformations witnessed by the sector, which represents the backbone of the modern economy.
<He pointed out that this year's conference is held in light of a reality formed on the land of the Kingdom thanks to the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and the support and empowerment of His Highness the Crown Prince - may God protect them, the future of the transportation and logistics sector in the Kingdom has become a realized path on the ground and a reality spoken of by national and international indicators, at the forefront of which are investment commitments from the local and international private sector exceeding 280 billion riyals, increasing the direct contribution of transportation and storage activities to national output 6.2%, the growth rate of the air cargo sector increased by 34% compared to the previous year to reach 1.2 million tons, and the rate of job creation in transport and storage activities increased by 28% until the end of the first quarter of this year, where 144 thousand new jobs were added, bringing the total number of employees in the sector to about 651 thousand employees.
The Minister of Transport drew the attention of the Minister of Transport and Warehousing to the increase in the direct contribution of transport and warehousing activities to the national product. The Minister of Transport drew attention to the entry of the aviation and air transport sector into an unprecedented historical expansion phase, whether in terms of developing airports or the airline fleet, as well as the increase in the number of logistics centers this year to 24 centers to support economic diversification, in addition to achieving great achievements in the field of supply chains until the Kingdom became an active partner in securing global supply chains.
He attributed the achievements in the field of supply chains to the Kingdom becoming an effective partner in securing global supply chains.
<He attributed the achievements to the great support provided by the wise leadership and the structural reforms that paved the way towards achieving the goals and became a tangible reality thanks to Vision 2030 and the implementation of the National Transport and Logistics Strategy. He pointed to the transition to a new stage of achieving the goals after achieving a great leap in the World Bank's Global Logistics Index issued by the World Bank in 23, in which the Kingdom advanced 17 positions as the new goals include entering the list of the top 10 countries in the index.
The Minister of Transport and Logistics discussed the support of the wise leadership and the structural reforms that paved the way towards achieving the goals. The Minister of Transport and Logistics highlighted the Kingdom's advancement to the top four ranks among the world's emerging markets in the 50-country Agility Logistics Index for Emerging Markets 2025, thanks to huge investments in the logistics sector and extensive digital transformation in trade.
He said. He said: “The Kingdom has become a key pillar in ensuring and securing global supply chains and an important axis in the Arab integration of this sector to ensure the security and stability of supply chains, in light of the current international challenges.”
He pointed out. <He pointed out that the Kingdom has become a center for major global events in the field of transportation and logistics, as last year it hosted the largest gathering of leaders and decision makers at the World Logistics Forum in its first edition. This year, the Supply Chain Conference is one of the most important events in the supply chain sector in the region, and next year it will host the second edition of the UNCTAD Global Supply Chain Forum, in partnership between the United Nations Organization and the General Ports Authority.
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H. At the end of his speech, His Excellency called for unifying efforts in light of the stability that is still fragile as confirmed by international institutions.
After that, the minister toured the region's supply chain sector. After that, Minister Al Jasser toured the exhibition accompanying the conference, which was held on an area of 6500 meters and participated in 141 companies.
Minister Al Jasser then toured the exhibition accompanying the conference. On the other hand, the conference witnessed the signing of 93 agreements and memorandums of understanding over two days for a total of 19 billion and 53 million riyals, as these agreements contribute to the establishment of a number of logistics projects in the Kingdom.
