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Transport Minister: Saudi Arabia Seeks Becoming Global Center for Logistic Services

Transport Minister: Saudi Arabia Seeks Becoming Global Center for Logistic Services

Tuesday, 14 November, 2017 - 13:00
Saudi Transport Minister Nabil Al-Amoudi (center). Reuters.

Saudi Transport Minister Dr. Nabeel al-Amudi has asserted that Saudi Arabia seeks to become a global center for logistic services, revealing a soon launching of projects to enhance efficiency of railways, ports and civil aviation.

This would consolidate the logistic sector and liberate a number of shipping sectors in partnership with the foreign and national private sector, causing a 5 percent increase of the GDP from non-oil resources and 4 percent increase in recruitment average in non-oil sector by 2021.

During his speech at the inauguration of Saudi Supply Chain Conference, Amudi affirmed the kingdom’s keenness to push its global rank forward in the index of logistic services performance from 49 to 25, and to increase non-oil exports from 16 percent to 50 percent at least of the non-oil GDP.

Amudi underlined the importance of developing effective management strategies of supply chain for companies and organizations.

“The transportation sector is vital in all other sectors, and is a major supporter of economic activity growth. Therefore, the ministry pledged to handle the existence of experts to discuss with them and get introduced to best international and local experiments,” said the minister.

Amudi stated that the conference sheds light on matters related to logistic operations that are most influential on the economic and growth in the kingdom. The Saudi decision to diversify its economy base and develop its non-oil exports is no more an option or a secondary decision after the Saudi Vision 2030 has paved the way towards the future, not to mention the country’s wealth and resources, continued the minister.

Saudi Supply Chain Conference is a two-day conference that discusses importance of updates related to the Convention on International Transport of Goods (TIR Convention) – it also focuses on reinforcing partnership and cooperation between the public and private sectors.

On the sideline of the conference, an exhibition is held with the participation of logistics-related companies and bodies including the Ministry of Transport, Aramco, Modon and Saudi Electricity Company.

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