{"id":90490,"date":"2024-10-14T00:00:00","date_gmt":"2024-10-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/global-logistics-forum-sees-sar-17-bn-worth-of-agreements-on-first-day\/"},"modified":"2024-10-14T00:00:00","modified_gmt":"2024-10-14T00:00:00","slug":"global-logistics-forum-sees-sar-17-bn-worth-of-agreements-on-first-day","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/14\/global-logistics-forum-sees-sar-17-bn-worth-of-agreements-on-first-day\/","title":{"rendered":"Global Logistics Forum sees SAR 17 bn worth of agreements on first day"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi Arabia has reportedly inked 69 agreements worth over SAR 17 bn during the first <\/strong><strong>day of its Global Logistics Forum in <\/strong><strong>Riyadh<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1760536\" style=\"\" rel=\"noopener\">Argaam<\/a> reports, citing a statement made by Saudi Transport and Logistics Service Minister Saleh Al Jasser to Al Arabiya TV yesterday. Information on specific agreements is still trickling in as we head to dispatch. The forum is set to conclude today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom has its sights set on growing into a global logistics hub by 2030 with plans to funnel a whopping SAR 1 <\/strong><strong>tn into<\/strong><strong> its logistics sector<\/strong>, Transport and Logistics Services Minister Saleh bin Nasser Al Jasser <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2187565\" style=\"\" rel=\"noopener\">said<\/a> yesterday at the opening ceremony of the forum in Riyadh. SAR 200 bn of this amount has already been allocated under the National Transport and Logistics Strategy launched in mid-2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Air freight plans:<\/strong> The General Authority of Civil Aviation (GACA) is reviewing applications from four undisclosed international companies looking to enter Saudi Arabia\u2019s air-freight market, Gaca President Abdulaziz Al-Duailej told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/10\/12\/article_2751289.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a>. Saudi wants to expand its air freight fleet from the current seven cargo planes to 27 and plans to increase the overall number of aircraft in the Kingdom from 241 to 657 by 2030, Al-Duailej <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/w2187602\" style=\"\" rel=\"noopener\">said<\/a> at the forum. Saudi\u2019s fleet would include 187 wide-body and 470 narrow-body aircraft, positioning the Kingdom\u2019s aviation infrastructure as a globally competitive power, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Four airports will be offered for private sector management in 2025<\/strong>, Investment Minister Khalid Al Falih was quoted by <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/travel-and-tourism\/2024\/10\/13\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%A7%D8%AA%D8%A7%D8%AD%D8%A9-4-%D9%85%D8%B7%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%A7%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> and <a target=\"_blank\" href=\"https:\/\/www.skynewsarabia.com\/business\/1747844-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A7%D9%95%D8%AA%D8%A7%D8%AD%D8%A9-4-%D9%85%D8%B7%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%A7%D9%95%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5-2025\" style=\"\" rel=\"noopener\">Sky News Arabia<\/a> as saying. In addition, the Transport General Authority (TGA) and Egypt\u2019s Transport Ministry inked an MoU to bolster cooperation in maritime connectivity, the TGA said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Saudi_TGA\/status\/1845434892118598031\" style=\"\" rel=\"noopener\">statement<\/a>. The MoU aims to develop and advance maritime and shipping activities between the two sides and \u201cpromote the use of technologies and electronic platforms to enhance maritime tourism and marinas.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s some of the agreements inked on the first day:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- KSIADC + Ewpartners partner to develop logistics zone:<\/strong> King Salman International Airport Development Company (KSIADC) inked a MoU with international private equity firm <a target=\"_blank\" href=\"http:\/\/ewpartners.fund\/\" style=\"\" rel=\"noopener\">Ewpartners<\/a> to explore the development of an e-commerce and logistics special economic zone within King Salman International Airport, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2187530\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The zone is slated to boost logistical linkages between China and Saudi Arabia, to expand the Kingdom\u2019s footing as a key regional air cargo hub. The investment ticket was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Agility sees logistics facilities near RUH: <\/strong>Kuwait\u2019s Agility inked an agreement with the Saudi Railway Company to explore the requirements for establishing storage, transportation and processing facilities in Sudair City for Industry and Businesses and near King Khalid International Airport, according to a <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/agility-signs-mou-with-saudi-railway-company\/\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Licenses for Riyadh SILZ:<\/strong> GACA has awarded four commercial licenses to leading global companies in the fields of innovative technology, artificial intelligence, logistics services, and e-commerce to operate in the Riyadh Integrated Special Logistics Zone (SILZ), <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/w2187725\" style=\"\" rel=\"noopener\">Spa<\/a> reports. GACA granted a commercial license to a subsidiary of Alat to engage in light manufacturing operations and logistics services, a commercial license to Bahri Logistics to provide logistics services for Boeing aircraft spare parts, a commercial license to Danish company Danfoss to conduct light manufacturing operations, and finally a commercial license to Chinese e-commerce giant Shein for product distribution in a bid to establish a regional distribution hub in the zone to serve the Middle East and North Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kingdom has its sights set on growing into a global logistics hub by 2030 with plans to funnel a whopping  SAR 1 tn into its logistics sector<\/p>\n","protected":false},"author":1,"featured_media":90491,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[10,1868,2689,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-ksa","tag-general-authority-of-civil-aviation-gaca","tag-investment","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"a0dc4bd5-bb26-4c38-ad14-7edc92d001ae","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1056.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Global Logistics Forum sees SAR 17 bn worth of agreements on first day","related_issue":[90485],"teaser":"The Kingdom has its sights set on growing into a global logistics hub by 2030 with plans to funnel a whopping  SAR 1 tn into its logistics sector","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.e26a1870-6754-4460-9a63-b333f2542853.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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