With Massive Ports, Huge Railway Networks and Exports/Imports Reaching New Milestones, KSA Logistic Market is anticipated to grow at the rate of 5% during the tenure 2022-2026: Ken Research

1. “The growth plan:” KSA is planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in comprehensive nationwide network over the coming years.

Future Trends in KSA Logistics Market

The government of KSA is planning to planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in comprehensive nationwide network over the coming years. Projects such as ‘Airport Expansion’ & ‘Port Modernization’ are expected to improve the local, regional and international connectivity of trade and transport networks. Furthermore, ‘National Industrial Development and Logistics Program Integrated with Vision 2030’ has also been put into place in order to create and improve the performance of logistics hubs. All in all, the industry is expected to be well equipped for further growth.

2. Market is expected to have excellent growth in future due to huge investment projects taken by government for construction of airports, seaports, bridges for better inter-country connectivity

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The government of Saudi Arabia has put into place certain projects which are beneficial for the long-term growth of the logistics market. For instance, in January 2022, Saudi Arabia and Greece signed a cooperation agreement for maritime transport. The deal includes developing commercial maritime navigation, increasing traffic of commercial ships, and provide facilities to maritime transport companies. Other projects such as, ‘Vision 2030’ have also been put into place wherein the government is planning to become more open to issuing licenses for full-fledged foreign logistics businesses. With this, the new entrants are expected to fill the gap in Saudi’s overall logistics market.

Major Players Mentioned in the Report:

KSA Freight Forwarding Market