Saudi Arabia’s government and business have big ambitions to become a global logistics center by the end of the decade. According to https://landlord.ua/, investors are already ready to invest USD 267 billion in the realization of this idea. THE US HAS ALREADY INVESTED $267 BILLION IN THIS IDEA.
Only a day after the first global logistics forum in the country, Ceva signed a joint venture with the Saudi company Almajdouie Logistics (Ceva Almajdouie Logistics). The main task of the newly created company will be to develop domestic supply chains in the country.
“As the Saudi market is experiencing significant growth, seamless logistics and global connectivity are essential for the domestic economy,” said Ceva CEO Mathieu Friedberg.
He also added that the situation is the best for the realization of ambitious ideas of the Arabs. Therefore, his company is ready to become the owner of one of the five largest logistics centers in the country.
MSC is also ready to make its mark in Saudi Arabia, having recently signed an agreement to build low-temperature warehouses in King Abdullah Port. Other global logistics heavyweights are not far behind. For example, Agility and Saudi Railway Company (SAR) signed a Memorandum of Understanding to assess the requirements for handling, storage and transportation at Sudair Industrial City and King Khalid Airport.
It is also known that DHL and Maersk are participating in the overall development process. In August, the latter opened a 250,000 square meter logistics park worth USD 250 million in the Islamic port of Jeddah. USD in the Islamic port of Jeddah. The strong interest from these major players will contribute to the Saudi government’s plan to modernize transportation systems and better integrate them into the logistics networks of the country and the region.
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