Sunday, July 21, 2024

Email id:, Contact Us : +91-9871552944

Home Automotive, Transportation and Warehousing Automotive and Automotive Components Major Government Initiatives Helped the KSA Logistics Market Generate Over USD 15...

Major Government Initiatives Helped the KSA Logistics Market Generate Over USD 15 Bn in 2020; How Significant Are These Plans?

KSA Vision 2030 along with major infrastructural projects to help the KSA Overall Logistics Market to grow at a CAGR of over 6.5% by 2020-2025, as per the findings by Ken Research

1.KSA Government has invested more than USD 100 Bn in its transportation & logistics infrastructure as a part of Vision2020, resulting in comprehensive nationwide network over decade.

KSA Transportation and Warehousing Market

Government plans in place to expand and modernize King Abdul Aziz International which is one of the key airports of the country. IN addition, government is planning to increase investments into modernizing and upgrading port infrastructure which will help in expanding capacity supporting economic and trade growth in the Kingdom. Most of the last-mile deliveries in the country happen through road, thus making it an important link in transportation services. New land bridge connecting the east and west coasts of the country are expected to decrease transportation times (from 10 days through sea to 13 hours through rail) and enable faster transportation between the countries

Interested to Know More about this Report, Request for a sample report

2.KSA Government is currently investing heavily in real estate and infrastructure projects to build a Strong Industrial base in the Country.

Jazan Airport in its border city has a budget of around $60 Mn on an area of 5 Mn sqm. Moreover, MoU was signed b/w Saudi Ports Authority (SPA) and SISCO to expand the Jeddah Islamic Port. In addition, the introduction of commercial routes linking Seaports & airports to transport and re-export goods altogether are one of the initiatives taken by the government for the development of the country’s infrastructure.

KSA Transportation and Warehousing Market

Visit this Link :- Request for custom report

3.These Additional growth drivers help Overall Logistics Revenue in KSA to Reach over $17 Bn by 2020.

KSA Transportation and Warehousing Market

  • Addition of about 10,000 km rail line by 2024 along with multimodal hubs are expected to bridge the demand for sea-air and road-rail transportation
  • The new land bridge connecting the east and west coasts of KSA is expected to decrease transit times from 10 days through sea to 13 hours through rail and enable faster transportation
  • Introduction & adoption of technologies such as telematics, V2V communications, and tracking to have a strong influence on delivery & service offerings.

What Makes Activa 6G Red Colour Stand Out Style and Features Reviewed

The Honda Activa Scooty has been a popular choice in the Indian market for decades, and the new Activa 6G Red Colour has taken...

Car Rental Market Share: Understanding the Competitive Landscape

In the fast-paced world of transportation, the car rental market stands as a dynamic and indispensable sector, offering mobility solutions to individuals and businesses...

Used Vehicles Market: Major Players and Trends

In the ever-evolving landscape of transportation, the used vehicles market emerges as a dynamic and bustling sector, teeming with opportunities and challenges alike. From...

Most Popular

Navigating the Dynamic Landscape of the Smartphone Industry

The Smartphone industry stands at the forefront of technological innovation, shaping the way individuals communicate, work, and interact with the digital world. From cutting-edge...

US Food Allergen Testing Industry: Trends, Challenges, and Opportunities

The US Food Allergen Testing industry is a critical sector safeguarding public health by ensuring food safety and catering to the growing population with...

The Dynamics of the Coal Mining Market: Growth Drivers and Challenges

Introduction Coal mining serves as a cornerstone in fueling industries, generating electricity, and fostering economic growth worldwide. This article delves into various facets of the...

A Market Research Report on the Cosmeceuticals Industry in India

The Indian beauty landscape is witnessing a fascinating shift. Consumers are no longer just seeking products that enhance appearance; they are actively seeking solutions...