On Tuesday (29 June), Saudi Arabia announced the launch of the country’s National Transport and Logistics Strategy. The comprehensive programme serves to make the Kingdom a global logistics hub connecting Africa, Asia and Europe, and improve all transport services as part of Saudi Vision 2030.
The strategy includes various projects aimed to achieve strategic economic and social goals. The plan also entails renaming the Ministry of Transport to the Ministry of Transport and Logistics Services with the aim of improving governance to enhance the work of the organisations involved in the strategy.
The strategy was announced by Crown Prince Mohammed bin Salman. Speaking about the plan, the crown prince said that the plan "will enhance the connection with the global economy and enable our country to invest its geographical position, in the middle of three continents, in diversifying our economy by establishing an advanced logistics-services industry, building high-quality systems of services, and applying competitive business models to enhance productivity and sustainability in the logistics sector.
Connectivity and logistics are key components of Vision 2030 and the Kingdom is keen on investing in these sectors for the benefit of the various economic sectors.
Besides opening a number of logistics zones and establishing advanced operating systems, the plan also includes building and enhancing effective partnerships between the government and the private sector.
Local and international specialists positively welcomed the announcement of the strategy expecting it to continue significantly to the Vision 2030.