Saudi Arabia is on the cusp of transforming into a global logistics hub, thanks to the visionary master plan unveiled by Crown Prince Mohammed bin Salman. This strategic initiative is a key component of the National Transport and Logistics Strategy (NTLS), designed to overhaul the Kingdom’s logistical infrastructure and position it as a top-tier investment destination.
The primary goals of this master plan are to fortify the local economy through upgraded logistical capabilities and to solidify Saudi Arabia’s position as a pivotal player in international trade networks and supply chains. Leveraging its strategic geographic location that bridges Asia, Europe, and Africa, the Kingdom is poised to capitalize on its unique position. Crown Prince Mohammed bin Salman emphasized that this initiative is part of a comprehensive series of measures aimed at strengthening the economy and fostering collaborations within the private sector.
At the heart of the plan lies the establishment of 59 logistics centers, collectively spanning an impressive 100 million square meters. These centers will be strategically dispersed throughout the country, with 12 earmarked for the Riyadh region, another 12 for the Makkah region, 17 allocated for the Eastern Province, and the remaining 18 distributed across various other parts of the Kingdom. Currently, 21 of these centers are in different stages of development, all slated for completion by 2030.
These logistics centers are poised to deliver numerous advantages, including facilitating streamlined exports for local industries and boosting e-commerce by establishing swift connections between logistics and distribution centers across different regions and cities within the Kingdom. This not only enhances traceability but also expedites the logistics license acquisition process.
The recent introduction of the unified logistics license, coupled with the licensing of over 1,500 local, regional, and international logistics companies, underscores Saudi Arabia’s unwavering commitment to elevating its logistics services. The collaborative Fasah initiative, an integrated e-system developed in collaboration with Saudi customs and relevant government bodies, has played a pivotal role in advancing this effort.
Undoubtedly, the logistics services sector stands as a critical pillar of Saudi Arabia’s economic diversification strategy. With ongoing initiatives and substantial advancements, the sector is poised to make significant contributions to the Kingdom’s economic growth and development. The Ministry of Transport and Logistics remains steadfast in its dedication to nurturing this growth by expanding investment opportunities and fostering robust partnerships with the private sector.