The Transport Logistics 2025 Forum — which concluded last week in Munich — brought in a slew of agreements between Saudi players and global logistics giants in several sectors, including supply chain, manufacturing, localization, and tech. The agreements were all overseen by the National Industrial Development and Logistics Program (NIDLP) and Invest Saudi, according to a statement.

The belle of the ball: Saudi stood out as a core hub for the global logistics industry with a market valued at USD 136.3 bn last year. The market value of the sector is forecasted to hit some USD 198.9 bn by 2030, rising by 6.5% y-o-y.

Here is a rundown of the agreements:

#1- GFS Express eyed China: Homegrown freight solution firm GFS Express inked an MoU with China’s Hefei Logistics Group to bolster cooperation in logistics and establish innovative supply chain solutions, according to a statement.

#2- Modon tapped infrastructure improvements: Saudi Authority for Industrial Cities and Technology Zones (Modon) signed an agreement with Chinese logistics infrastructure developer JD Property to build advanced logistics infrastructure in the Kingdom and propel the localization of tech solutions, according to a statement.

ICYMI- Modon signed a SAR 100 mn MoU with US-based logistics developer Panattoni to build and operate first-class warehouses on a 50k sqm site in Jeddah at the conference earlier last week.

#3- Asasat formed a JV with Silk Mile, JTM: Riyadh-based real estate firm Asasat, US-based transport firm JTM Group, and Lebanese logistics services company Silk Mile formed a joint venture (JV) to expand logistics solutions and draw FDI into the Kingdom, according to a statement.

#4- Saudi Post partnered up with Maersk, Scan Global: Saudi Post (SPL), Danish shipping giant Maersk, Turkish freight forwarder Scan Global have collaborated to enhance air freight operations, delivery solutions, and digital logistics infrastructure in the Kingdom, according to a statement.

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