During a recent conference held at the Fairmont Hotel in Riyadh, the president of the .
Saudi Arabia has developed its logistic sector with SR400 billion capital investments by raising the capacity of land, air and maritime cargo and automating all the export/import procedures to empower this sector in the local economy and to raise regional competitiveness. Currently, the volume of the logistics market in Saudi Arabia is $18 billion, which is 55% of the total GCC logistics services’ market. By 2020, the value of this sector is expected to be $25 billion, making it the fastest-growing market worldwide.
GACA is in the process of launching several promising projects to revive this sector, one of which is the first logistics area in Saudi Arabia, the Integrated Logistics Bonded Zone (ILBZ) at King Khalid International Airport in Riyadh. More such areas are slated to come up in the near future.
“At this current stage, we are in the process of stimulating the logistics sector in the Kingdom of Saudi Arabia. we would like to stress on the efforts of the Logistics Committee supported by all government sectors to make these projects a global exemplary model,” stated Al-Mansouri.
It is worth mentioning that the Kingdom of Saudi Arabia as a logistics hub is one of the initiatives of the National Industrial Development and Logistics Programme launched earlier this year. It is one of the largest programmes in the Saudi Vision 2030, which aims to transform the Kingdom into a leading industrial power and an international logistics hub.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
Spinneys, the leading premium fresh food retailer, has announced the opening of
Spinneys has announced the launch of The Kitchen by Spinneys, its first-ever
/ 
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Among several others, three key factors have fuelled the growth of homegrown
Empowering women, transforming communities: The rise of female-led businesses in Times Square Center
In its central Dubai location, Times Square Center stands not just as
One of UAE’s leading fresh food retailers, Spinneys has announced its intention
Acting as a bridge between Brazil and GCC markets offering a compelling
Commonly cited statistics indicate that around 20% of new businesses fail during
Louis Philippe, renowned for its premium merchandise spanning apparel, footwear and accessories,
Previous Article
