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FinancialNews
08-07-21
Transport, logistics to contribute 10 percent of Saudi GDP by 2030
(MENAFN)According to Minister of Transport Saleh Aljasser, Transport and logistics are going to contribute 10 percent of Saudi GDP by 2030, increased from 6 percent today, after the implementation of the Kingdom’s new strategy for the sector.
Aljasser further stated that goals of the strategy include tripling air transport movement, connecting the cities of Makkah, Jeddah and Madinah via a 450-kilometer express train and, eventually, connecting the east and west of the Kingdom and the ports, and joining the Gulf-wide rail network.
Crown Prince Mohammed bin Salman inaugurated the new transport and logistics blueprint previous week with the plan of positioning the Kingdom as a global logistics hub linking three continents, and develop all transport services in support of Saudi Vision 2030.
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