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15.07.24 15:35

Economy

Saudi Arabia's logistics sector shows growth rate of 76%

This was the highest among the ten promising sectors highlighted by the Saudi Ministry of Commerce

A total of 11,928 logistics companies were registered, representing an increase of 76 per cent compared to 6,742 registrations in the previous year. The growth is attributed to increased investment by both local and foreign companies in the development of logistics infrastructure. This is reported by the Saudi Press Agency (SPA).

In addition to logistics, other sectors such as artificial intelligence technology, container handling, cloud computing, pharmaceuticals, passenger transport, gaming, entertainment, short-term rentals, and mining are also growing rapidly.

These sectors are a priority for Saudi Arabia and represent attractive business opportunities both domestically and internationally, stated the source.

Photo: iStock

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Prabowo Subianto

President of Indonesia

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

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Ferdinand Marcos

President of the Republic of the Philippines

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Prime Minister of Malaysia

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