13 Entities Highlight Development of Saudi Logistics Services at Shanghai Expo

The Saudi pavilion at the International Transportation and Logistics Expo (CITLE) in Shanghai, China. (Asharq Al-Awsat)
The Saudi pavilion at the International Transportation and Logistics Expo (CITLE) in Shanghai, China. (Asharq Al-Awsat)
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13 Entities Highlight Development of Saudi Logistics Services at Shanghai Expo

The Saudi pavilion at the International Transportation and Logistics Expo (CITLE) in Shanghai, China. (Asharq Al-Awsat)
The Saudi pavilion at the International Transportation and Logistics Expo (CITLE) in Shanghai, China. (Asharq Al-Awsat)

Thirteen Saudi entities working in the transportation and logistics services are highlighting the Kingdom’s infrastructure development in the maritime, land, air and rail sectors at China’s International Transportation and Logistics Expo (CITLE), underway in Shanghai from June 25-27.

Saudi Arabia witnessed rapid progress in the transportation and logistics services sector after it developed a national strategy in 2021 that defines the country’s ambitious path and goals to consolidate its position as a global logistics hub linking the three continents.

Entities participating in the Shanghai exhibition include the Ministry of Transport and Logistics Services, the Ministry of Investment, the National Industrial Development and Logistics Services Program (NIDLP), the General Authority of Civil Aviation, the Transport General Authority, as well as the Zakat, Tax and Customs Authority, and other bodies concerned with transportation and logistics services.

The participation of Saudi government entities aims to shed light on the progress achieved and work to promote cooperation with local and international markets with the aim to develop the sector, take advantage of the Kingdom’s distinctive geographical location, and enact regulations and legislation to create a stimulating and attractive investment environment that will transform Riyadh into a global logistics platform.

The expo is considered Asia’s leading trade fair for logistics, transportation, information technology and supply chain management. It also serves as a business platform for the logistics and transportation industry and features comprehensive programs and a number of conferences.



Saudi-Portuguese Business Council Strengthens Economic Ties with Portugal

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi-Portuguese Business Council Strengthens Economic Ties with Portugal

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

The Saudi-Portuguese Business Council, led by Chairman Alwaleed bin Khaled Al-Baltan, concluded a successful visit to Portugal, marking significant progress in boosting economic cooperation between the two nations, reported the Saudi Press Agency on Sunday.

The delegation engaged with key Portuguese officials, including the Ministers of Economy, Agriculture, Parliamentary Affairs and Sports, Infrastructure and Housing, as well as the Mayors of Porto and Leiria.

The delegation also held meetings with officials from the sports and aviation sectors, underscoring the wide-ranging potential for collaboration. Additionally, the delegation met with Saudi Arabia's Ambassador to Portugal Prince Saud bin Abdul Mohsen bin Abdulaziz to discuss the outcomes of the visit.

In Lisbon, workshops introduced Portuguese companies to investment opportunities in Saudi Arabia. With participation from Al-Hawaishel Law Firm and Bank AlJazira, these sessions detailed the Kingdom's investment systems, incentives and financing solutions.

The delegation visited several prominent Portuguese firms specializing in ports, marine warehouses, real estate, technology, media, tourism, transportation and infrastructure.

Microsaur, a technology solutions and protection systems company, and Etermar, a specialist in port operations, announced plans to establish regional headquarters in Saudi Arabia. Moreover, over 260 Portuguese companies expressed readiness to enter the Saudi market.

The visit was capped with the signing of a tripartite framework agreement between the Saudi-Portuguese Business Council, the Arab-Portuguese Chamber of Commerce and Industry, and the Portuguese Business Council. The agreement aims to strengthen economic relations and explore collaborations in aviation, tourism, sports investment, media, education, healthcare, agriculture, and fish farming.