Kingdom of Saudi Arabia’s logistics sector has seen unprecedented growth in recent years, with the volume of investment reaching SR2.1 billion (US$559 million), revealed a top official.
The investment was facilitated by 208 logistical contracts and leased areas measuring 3.2 million sq. m, under the Saudi Authority for Industrial Cities and Technology Zones, said Abdul Rahman Al-Askar, Director.
Speaking on the sidelines of the authority’s recent meeting with investors in the industrial sector in Riyadh, Al-Askar pointed out the plan for the sector includes activating logistical platforms approved by the Supreme Committee for Transport and Logistics Services.
This authority, also known as Modon, has 34 logistical platforms and 17 industrial and logistical cities, some of which have been activated, while others are still under planning and development.
Al-Askar has drawn attention to the National Productivity Program, seeking to achieve national targets to enable factories in Saudi Arabia to harmonize indicators of national transformation and adopt the Fourth Industrial Revolution.
The program was launched to provide free advisory services and build transformation plans that contribute to achieving the highest production efficiency rates.