Saudi Arabia Leads the Region’s Logistics Services Market

Saudi Arabia Leads the Region’s Logistics Services Market

Saudi Arabia is leading the region in the logistics market, customs clearance technology, and port operations, experts told Asharq Al-Awsat, noting that the value of the logistics services in the Kingdom amounted to USD 18 billion, and represented 55 percent of the total logistics services in the Gulf countries.

The Vice President of Al-Khaldi Company for Logistic Services, Moqren Al-Khaldi, told Asharq Al-Awsat that Saudi Arabia was a pioneer in adopting latest technologies in customs clearance, port operations, and the logistics center that serves the entire region of the Gulf Cooperation Council (GCC).

He also noted that Saudi Arabia was investing huge sums to raise the level of infrastructure by building new airports, seaports, and bridges to improve communication with other GCC states and other importing countries.

"The Kingdom's geographic location facilitates focus on developing logistics centers for both domestic and transit goods. The Coronavirus pandemic led to a sharp decline in economic and commercial activities, due to border closures that affected shipping capacity and the flow of goods. It is expected that the region will witness further recovery in 2021,“ Khaldi said.

The value of the logistics market in the Kingdom is 67.5 billion riyals (USD 18 billion), which makes it the largest