KSA needs over $133b in investments to keep logistics on the move
Monday, 13 June 2022
RIYADH, June 12 (Arab News): Saudi Arabia's logistics sector needs a combined government-private investment of over SR500 billion ($133 billion) by 2030, as the Kingdom aims to become a global logistic hub, said Sulaiman Al-Mazroua, CEO of the National Industrial Development and Logistics Programme.
During an exclusive interview with Arab News, Al-Mazroua said that upgrading the existing ports will help the Kingdom serve three continents: Asia, Africa, and Europe. He added that the Kingdom would provide the right environment and regulations to attract world transportation which will help the Kingdom emerge as one of the busiest logistics centres.
"We need investments of SR500 billion until 2030. We are number one in the world when it comes to road connectivity. We have nine ports in Saudi and more than 27 airports. We have to smartly connect them through the right programs and regulations," said Mazroua.
He added, "We still need more upgrading to some of our facilities. We should upgrade some airports and ports."