Jizan Governor opens $268m worth transport, road projects in Saudi

HRH Prince Muhammad bin Nasser bin Abdulaziz, Governor of Jizan region, has inaugurated a number of road and transport projects in the region, with the projects being valued at $267m.

The projects that were inaugurated in the presence of HE the Minister of Transport, Eng. Saleh bin Nasser Al-Jasser. These projects included the 190km roads leading to King Abdullah bin Abdulaziz housing development sites in Jizan.

The Sabya and Al-Eidabi road project with a length of 68km, and the agricultural roads project, which includes raising the level of Al-Dair Road, Al-Tarf.
Additionally, the Phase 1 pf the Jallat Al-Hayat road with a length of 3.8km, and a project of Al-Sahalil Road in Haroub Governorate, with a length of more than 5km.

The governor also inaugurated Al-Jouf, Al-Ahwash road, which contributes to linking Al-Eidabi governorate with Haroub governorate, and Jabal Naama road, which is 22.5km long.

During the meeting the governor was also briefed on the projects that have been inaugurated and the projects approved and under implementation including public transport, roads and their maintenance projects. In addition to the expansion of the new King Abdullah bin Abdulaziz Airport.

Source: www.constructionweekonline.com

Saudi Arabia and Hungary sign deals on air transport services and water management

RIYADH — Saudi Arabia and Hungary have signed agreements to boost mutual cooperation in air transport services and water management system, Saudi Press Agency reported.

The agreement on air transport services was signed by Saudi Minister of Transport Saleh Al-Jasser and Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó.

The agreement includes a number of regulatory provisions related to air transport services.

The agreement aims to strengthen cooperation between the two sides in the field of air transport.

Earlier, the two countries signed a memorandum of understanding in the field of water management.

The MoU, which was signed by Saudi Minister of Environment, Water and Agriculture, Abdul Rahman Al-Fadhli and Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó at the headquarters of the ministry, comes as the two countries realize importance of cooperation in the field of water and wastewater management and the need for joint efforts.

As part of the agreement, both sides are expected undertake efforts to develop and implement integrated strategies for water management and conservation, utilization of water resources, as well as efforts to mitigate the effects of climate change.

They also need to improve irrigation efficiency and reduce the effects of floods and manage their risks, in addition to developing sustainable measures to prevent and predict the erosion of valley banks.

The two sides agreed to move forward toward improving the energy efficiency of the water supply, improving the chemicals used, supporting technical innovation in this field between the two sides, and working as well to reduce non-income water and finding an appropriate mechanism for how to benefit from the reuse of wastewater.

According to the agreement, the two sides aim to strengthen cooperation between the institutions of the two countries that conduct education and research activities in the field of water management, exchange research information and scientific publications for specialists in the field of water management, as well as raise awareness through intensive campaigns to preserve water, and work to innovate new tool and technology in the field.

Source: saudigazette.com.sa

Saudi Arabia Pharma Logistics Market is expected to reach about USD 900 Million by the year ending 2025

  • The demand for pharmaceutical products increased in Saudi Arabia during the COVID pandemic but due to the restrictions on travel & trade the market witnessed delayed deliveries.
  • The freight forwarding market is anticipated to grow with a CAGR of 11.4% and the warehousing market with a CAGR of 9.6% during the forecast period 2019-2025F
  • Local manufacturing of pharma products is leading to an increased demand for logistics services in Saudi Arabia.Saudi’s Vision 2030 & National Transformation Program (NTP): The Government of Saudi Arabia seeks to expand the private sector’s role in providing healthcare services under Vision 2030 and the National Transformation Program. Vision 2030 & National Transformation Program (NTP) includes plans to expand the privatization of government services, incorporate health IT and digital records, double the number of qualified Saudi nurses by 2020, and increase the number of licensed medical facilities from 40 to 100 by 2020. The Kingdom is focusing on developing new sources of competitiveness to meet its goal of substituting imports in critical segments to avoid potential shortages. It aims to increase the local cluster value add while also transitioning into more complex products with the objective of becoming a leading manufacturer and innovator in the MENA region.

Infrastructure and Technological advancements in transportation and warehousing segments: The government of KSA is taking initiatives for the development of economic zones and logistics centers to accommodate the increasing demand for freight forwarding owing to economic diversification & Vision 2030. KSA government aims to aggressively drive and position 50 islands and 100 miles of the Red Sea as a global tourist destination. Expansion of the Red Sea corridor in Jeddah, the minerals hub in Yanbu, King Abdullah Port, and the NEOM project are also expected to drive the freight forwarding industry.

Government Investment: Saudi Arabian government is investing to improve its port infrastructure that envisages using innovative technological solutions to also automate processes & activities. Companies have started adopting technologies such as WMS, RFID, and others to have an edge over other players in the logistics industry.

Source: www.openpr.com

Saudi Arabia Logistics Market is expected to Generate Revenues over SAR 74 Bn by 2025

  • The Seaport Authority have started an EDI platform for recording all the Import, Export and transshipment Transactions by all logistics Companies in KSA. This is expected to Streamline the process of sea freight by Automation
  • The Government is spending SAR 135 Bn for transport Infrastructure in Next 11 years including Rail freight for cheaper mode of transportation for Bulky Goods
  • Due to Covid, Online retailing and E commerce is getting extremely Popular in KSA and is expected to flourish in next 5-10 years.

Infrastructural Advancement: Government is introduced trade zones such as Jizan Economic city with additional Duty Exemptions, Subsidies and Benefits, New infrastructure such as Jazan Airport, Neom Airport, SPARK zone, expansion in the Red Sea Gateway Terminal (RSGT), Introduction of commercial routes linking Seaports and airports to transport and re-export goods are few of initiatives by government to expand KSA logistics Operations making it a global transshipment hub aligned to National Logistics Policy.

Increasing scope of Retail and E commerce logistics: KSA Government opened the retail and wholesale sectors to 100% foreign ownership and has launched a large privatization programme. This is primarily done to reduce the Oil Revenues dependency and expansion to other sectors aligned with Vision 2030. Due to COVID, People prefer online purchases more than Physical visit to the stores making E- Commerce and online retailing quite popular in KSA. Big retailers for instance, Carrefour and Abu Dawood reported surge in online sales of up to 200-300% in 2020 and further expect an escalating growth trajectory in the long-term.

Advancement in Technology: Technologies such as GPS tracking, RFID Tags and control towers are still not very popular in Saudi Arabia and are used by companies with additional costs as per the Client requirements. Other upcoming technologies include real time fuel management system, Platooning, ASRS, warehousing management system, cargo management systems and communication and information systems such as EDI which can be used to reduce paperwork and minimize time taken for compliance procedures.

Source: www.openpr.com