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What is the outlook for Saudi Arabia’s maritime and logistics sectors heading towards 2020?
The Saudi Vision 2030 plan envisages major change in all sectors of the economy, and maritime is no exception.
March 8, 2019
1 Min Read
Credit: Seatrade Maritime by Informa Markets
The maritime industry faces a major dilemma – how to embrace the opportunities of Saudi Vision 2030 whilst operating in one of the World’s most challenging and ever-changing markets. To date, great progress has been made on the development of port facilities in Jeddah, Dammam and Jubail, and a transhipment facility in King Abdullah Economic City has already achieved great strides for the kingdom’s west coast less than six years after it opened.
"We’re open for business like we haven’t been in the past. The Kingdom has relied on the fact that it was, is and will remain the largest economy in the region. We probably did not focus on the importance of efficiency in the past”, H.E. Dr Nabel Bin Mohammed Al Amudi, Minister of Transport, Kingdom of Saudi Arabia
The report reveals all about the Kingdom’s drive to become a global logistics hub and provides a comprehensive overview of the current state of the Kingdom’s maritime marketplace, and how this is set to change in the short, medium & long term.
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