“We have already invested heavily in the construction of ports, railways, roads and airports. To take full advantage of these investments, we plan to work with the private sector and enter into a new series of international partnerships to complete, improve and link our infrastructure internally and across borders. … Air, maritime, and other transport operators will be encouraged to make the most of their capacity: achieving durable links between existing trade hubs, as well as opening new trade routes. This will reinforce our position as a distinctive logistical gateway to the three continents.”
– Vision 2030
ABOUT EVENT / Overview
The global logistics market is estimated to be worth $15.5 trillion by 2024 and Saudi Arabia is leaving no stones unturned to capture a good chunk of the same and establish itself as the trade and logistics hub of Middle East region connecting Asia, Europe and Africa.
Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $427 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters. The investment will be used to develop Saudi Arabia into a gateway for the trade supply chains of Africa, Asia and Europe.
The Saudi Arabian Transport Ministry released its plan to improve the country’s logistics infrastructure in 2018. The plan is intended to contribute to Saudi Arabia’s macroeconomic development plan, Vision 2030, to diversify its economy away from oil exports.
Saudi Arabia’s plan to capitalize on regional supply chains will also require the country to improve key sectors of its logistics economy.
The World Bank grades countries’ logistics capabilities with its Logistical Performance Index (LPI). In 2018 Saudi Arabia scored 2.66 in customs, 3.11 in infrastructure, 2.99 in international shipments, 2.86 in logistics competence, 3.17 in tracking and tracing and 3.30 in timeliness.
As per the reports, Third-Party Logistics (3PL) market is expected to grow at a CAGR (compound annual growth rate) of more than 5 percent by 2020 along with an expected reach of 92.1 billion tons by 2024 in the Global Transport & Logistics Industry.
Saudi Arabia's determination to become a leading logistics hub is grounded in its economic weight and privileged geographic location. Kingdom of Saudi Arabia is the largest economy in the Arabian Peninsula, Levant, and Iraq region—accounting for 38 percent of GDP and 21 percent of the population. Its central location is optimal for distribution to the Arabian Peninsula, the Levant, and East Africa, and the country resides directly on the Asia-to-Europe trade route, through which 12 percent of container trade moves annually.
Sea freight movement has majorly dominated the market for Logistics in Saudi Arabia. The increase in the trade scenario in the country has attributed to the increase in the percentage share of sea freight. The rising import and export value from other countries has triggered the demand for sea freight in the Kingdom. The total container port traffic at Saudi Arabia port is 6,326,861 TEU as per a report published in October 2017.
The 4th Annual Saudi Transfreight & Logistics 2019 programme would be hosted for 2 days in Riyadh on September 9th & 10th and shall address the current opportunities and challenges in the freight as well as logistics sector in the Kingdom. We look forward to welcoming the interested participants to share the platform and be a part of this elite gathering looking towards a positive outcome.
Highlights of the Program
- Establishing the Kingdom as a Logistics hub by integrating rail into freight sector
- Nine-Point transformation logistics policy under Vision 2030
- First SEZ ‘Integrated Logistics Bonded Zone at King Khalid International Airport
- Potential role of ICT innovations in Port, Logistics, Supply Chain & Warehousing
- Importance of projects such as Saudi Landbridge, North-South Rail, Saudi-Bahrain Rail Link and Fasah - Single Window Clearance
- Role of Private sector Operators in Port Management – Ras Tanura Port, Jeddah-Islamic Port and Hutchison Port
HRH Prince Abdulaziz Bin Faisal Bin Abdulmajeed Al Saud
Eng. Mohammad Al-Sakran
Aqaba Development Corporation, Jordan
Eng. Waleed AlGarni
Mr. Julio A. Maggi
Program Director – Saudi Customs Enterprise Program Management Organization
Mr. Jay New
Hutchison Ports, Dammam
Mr. Mazen Al-Homsi
Regional Manager – Cargo (Africa & Middle East Region)
International Air Transport Association (IATA)
Mr. Andrew Hammond
Future Solutions Limited Company
Mr. Youssef Beydoun
Head – Cargo Business Relationships
Mr. Naval Sabharwal
Vice President – Logistics
Ramco Systems Ltd.
Mr. Yassin S. Al-Suroor
A’amal Group, Kingdom of Saudi Arabia
Dr. Craig Voortman
Supply Chain Logistics Research Scientist
Center of Excellence for Supply Chain & Logistics (CESCL)
Mr. Gary Griffiths
President – Railroad Operations and Equipment, GCC Region
The Greenbrier Companies, KSA
Location / Venue & Details
Hilton Riyadh Hotel & Residences
King Abdullah Road,
Middle East Commercial Cent.
P.O Box 4977, Al Khobar 31952,
Kingdom of Saudi Arabia
T: +966 13 8973938
F: +966 13 8653449
License Number : 19/5641