Saudi Arabia’s Crown Prince Mohammed bin Salman has launched the National Transport Transport and Logistics Strategy, which aims to upgrade all services and means of transport, according to Saudi Press Agency SPA.
The Crown Prince added that the strategy would enable Saudi Arabia to invest its geographical position in the middle of the three continents in diversifying its economy.
He added that the strategy also relies on effective governance models to enhance institutional work in the transports and logistics system.
‘The strategy focuses on developing infrastructure and launching several platforms and logistics center, improve the quality of life in Saudi cities, achieve balance in the public budget, and improve the performance of the government apparatus.
The Crown Prince added that the strategy also aims to advance the Kingdom to become the fifth globally in air transit traffic, increase destinations for more than 250 international destinations, in addition to launching a new national carrier and adding new capabilities in the air freight sector than raise its capacity to more than 4.5 million tones.
The strategy aims to reach a capacity of more than 40 million containers annually and aims to improve the Kingdom’s logistic performance index to be among the top ten countries in the world.
The Crown Prince added that the strategy aims to achieve interconnection with the Arab Gulf states by a railway line.
The strategy also seeks to achieve multiple goals in terms of sustainability and preservation of the environment along with a reduction in fuel consumption by 25 percent.
The strategy will contribute to increasing the contribution of the transport and logistics sector in the National GDP to 19 percent and will also contribute to increasing the non – oil revenues that the sector pumps to the state’s general budget by about 45 billion riyals annually in 2030.