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Saudi Foreign Ministry Launches ‘Dawli’ Platform to Boost Int’l Representation 

Assistant Minister of Foreign Affairs for Executive Affairs Abdulhadi Al-Mansouri made the announcement at LEAP 2024 in Riyadh on Monday. (Saudi Ministry of Foreign Affairs)
Assistant Minister of Foreign Affairs for Executive Affairs Abdulhadi Al-Mansouri made the announcement at LEAP 2024 in Riyadh on Monday. (Saudi Ministry of Foreign Affairs)
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Saudi Foreign Ministry Launches ‘Dawli’ Platform to Boost Int’l Representation 

Assistant Minister of Foreign Affairs for Executive Affairs Abdulhadi Al-Mansouri made the announcement at LEAP 2024 in Riyadh on Monday. (Saudi Ministry of Foreign Affairs)
Assistant Minister of Foreign Affairs for Executive Affairs Abdulhadi Al-Mansouri made the announcement at LEAP 2024 in Riyadh on Monday. (Saudi Ministry of Foreign Affairs)

The Saudi Ministry of Foreign Affairs launched on Monday “Dawli”, a platform dedicated to recruitment opportunities at international organizations.

The announcement was made during the LEAP 2024 exhibition underway in Riyadh.

Assistant Minister of Foreign Affairs for Executive Affairs Abdulhadi Al-Mansouri said Dawli aims to bolster Saudi representation at international organizations.

The platform also aims to enrich the international experiences of competent Saudi individuals, he said.

Dawli serves as a platform that brings together Saudi talents and available job opportunities at international organizations, he explained.

Moreover, he stressed that the platform is a testament to the support provided by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud and Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister, to the development of the Kingdom’s diplomatic community on various levels.

He further underscored the commitment of Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah to all initiatives launched by the ministry in line with the ambitious goals of Saudi Vision 2030.

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Saudi Transport, Logistics Sector Set for 10% Growth in Q2

An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)
An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)
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Saudi Transport, Logistics Sector Set for 10% Growth in Q2

An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)
An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)

As Saudi companies start reporting their Q2 financial results, experts are optimistic about the transport and logistics sector. They expect a 10% annual growth, with total net profits reaching around SAR 900 million ($240 million), driven by tourism and an economic corridor project.

In Q1, the seven listed transport and logistics companies in Saudi Arabia showed positive results, with combined profits increasing by 5.8% to SAR 818.7 million ($218 million) compared to the previous year.

Four companies reported profit growth, while three saw declines, including two with losses, according to Arbah Capital.

Al Rajhi Capital projects significant gains for Q2 compared to last year: Lumi Rental’s profits are expected to rise by 31% to SAR 65 million, SAL’s by 76% to SAR 192 million, and Theeb’s by 23% to SAR 37 million.

On the other hand, Aljazira Capital predicts a 13% decrease in Lumi Rental’s net profit to SAR 43 million, despite a 44% rise in revenue. This is due to higher operational costs post-IPO.

SAL’s annual profit is expected to grow by 76% to SAR 191.6 million, driven by a 29% increase in revenue and higher profit margins.

Aljazira Capital also expects a 2.8% drop in the sector’s net profit from Q1 due to lower profits for SAL and Seera, caused by reduced revenue and profit margins.

Mohammad Al Farraj, Head of Asset Management at Arbah Capital, told Asharq Al-Awsat that the sector’s continued profit growth is supported by seasonal factors like summer travel and higher demand for transport services.

He predicts Q2 profits will reach around SAR 900 million ($240 million), up 10% from Q1.

Al Farraj highlighted that the India-Middle East-Europe Economic Corridor (IMEC), linking India with the GCC and Europe, is expected to boost sector growth by improving trade and transport connections.

However, he warned that companies may still face challenges, including rising costs and workforce shortages.