Bahrain’s Logistics Services Sector Strategy details as part of the Kingdom’s wide-ranging Economic Recovery Plan

  • Date: 19-Nov-2021
  • Source: Bizbahrain
  • Sector:Economy
  • Country:Bahrain
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Bahrain’s Logistics Services Sector Strategy details as part of the Kingdom’s wide-ranging Economic Recovery Plan

Minister of Transportation and Telecommunications Kamal bin Ahmed Mohammed has revealed the details of Bahrain’s Logistics Services Sector Strategy as part of the Kingdom’s wide-ranging Economic Recovery Plan. The strategy was designed to capitalize on Bahrain’s strategic geographic position, while uplifting logistical capacity across several services and expanding their offerings to position Bahrain as one of the top 20 global destinations for logistic services by 2030. Speaking at a press conference to explore the strategy, the minister, alongside the President of Customs, Shaikh Ahmed bin Ahmed Al Khalifa, detailed the main targets of the strategy and ongoing efforts to increase the logistics services sector’s contribution to GDP in 2030, to 10%. The minister outlined that the continued development of the logistics services sector is closely aligned with Bahrain’s Economic Vision 2030, noting that it is a priority sector for the Government of Bahrain due to the significant role it plays in attracting investments and creating jobs for citizens. He highlighted the strength of the logistics infrastructure in the Kingdom, reiterating that it serves as a strong foundation to build on in pursuit of this ambitious strategy. The strategic objectives of this strategy anchor on clear indicators to be achieved by