Saudi Arabia’s transportation boom opens doors for private investment
RIYADH: Saudi Arabia’s rapidly expanding transportation sector is unlocking new investment opportunities for private players, both local and global, experts have told Arab News.
Central to the Kingdom’s Vision 2030 strategy, transportation development is seen as a key enabler for economic diversification and the drive to position Saudi Arabia as a global logistics, tourism, and business hub.
With a growing emphasis on public-private partnerships, Minister of Transport and Logistic Services Saleh Al-Jasser announced during the third PIF Private Sector Forum, held in Riyadh in February, that private entities are expected to contribute around 80 percent of the targeted investments in the country’s transport and logistics sector.
He added that the total value of projects offered to the private sector — through privatization and other models — could reach SR240 billion ($63.95 billion).
