Experts from Saudi Arabia welcomed the National Transport and Logistics Strategy recently launched by Crown Prince Mohammed bin Salman, a comprehensive plan supported by the ambitious goals of the 2030 Vision Plan. "This strategy will strengthen the human and technical capabilities of the Kingdom's transport and logistics sector," the crown prince said.

"It will strengthen its ties with the global economy, enabling China to establish an advanced logistics service industry, establish a high-quality service system, and apply competitive competitive advantages to invest in its geographical location in the middle of the three continents to achieve economic diversification. . Business model to improve the productivity and sustainability of the logistics sector. “Transportation and logistics are the focus of the Saudi Kingdom’s 2030 Vision Plan and an important driving factor for the sustainable development of the economic sector,” he added. As part of the strategy In part, the Ministry of Transport will be renamed the Ministry of Transport and Logistics Services.

“This is not a name change, but a clear, ambitious and comprehensive goal to measure performance,” said Fahad Althunayan, a member of the Institute of Management Accountants. It set a goal for the kingdom to reach a capacity of more than 40 million containers per year. Althunayan emphasized that the current organizational structure of the Ministry of Transport focuses on roads, but the new department has a broader scope of responsibilities, including the entire logistics system of the kingdom, which will help the local industry sector to realize its full potential. The crown prince pointed out that one of the main goals of the strategy is to increase the contribution of the transportation and logistics sector to GDP from the current 6% to 10%. The crown prince said this will help drive business growth, expand investment, and increase the industry’s non-oil revenue to approximately 45 billion riyals (US$12 billion) per year by 2030. The incoming Minister of Transport and Logistics Saleh Al-Jasser (Saleh Al-Jasser) stated that the strategy will help improve Saudi Arabia’s competitiveness at the regional and global levels.

The new strategy sets several other ambitious goals. "The strategy aims to make Saudi Arabia rank fifth in the world in terms of the number of transit passengers, increase the number of international destinations served by the country to more than 250, and launch a new national airline," Talat Zha Said Talat Zaki Hafiz. Economists and financial analysts pointed out.

The plan aims to increase the capacity of the air cargo sector by doubling its capacity to more than 4.5 million tons. In terms of maritime transport, the crown prince has set a goal of reaching a capacity of more than 40 million containers per year.

For the Kingdom’s railways, the plan aims to increase the railway network from the current 5,330 kilometers to 8,080 kilometers. One of the most ambitious elements is the plan to build a land bridge that spans more than 1,300 kilometers, connecting the Kingdom’s ports along the Arabian Gulf with the ports along the Red Sea, transporting more than 3 million passengers and 50 million tons of cargo each year. Saleh Al-Nuzha, member of the Energy and Economic Committee of the Shoura Council, stated that the delivery of goods is an important part of any trade supply chain. Editor/Xu Shengpeng