RIYADH: Saudi Arabia accelerated its transformation into a global logistics hub this week as 93 agreements and memorandums of understanding worth more than SR19.05 billion ($5.1 billion) were signed to launch major logistics projects across the Kingdom.
The deals, concluded during the two-day 7th Supply Chain and Logistics Services Conference in Riyadh, highlighted the scale of investment underpinning the Kingdom’s Vision 2030 ambitions and set the stage for renewed calls to rethink how global supply chains are structured.
Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser called for reshaping global supply chains through new strategic partnerships during the conference, which was held in Riyadh on Monday and Tuesday.
“The future of the transport and logistics sector in Saudi Arabia is no longer aspirational; it is a reality reflected in both national achievements and international indicators,” Al-Jasser said.
Bringing together local and international supply chain decision-makers, the two-day 7th Supply Chain and Logistics Conference focused on identifying growth opportunities crucial for bolstering the Saudi economy in direct alignment with Vision 2030.
