July 18, 2025, 22:16:32 (IST)
Saudi Arabia expands port operations to advance Vision 2030 logistics goals
Saudi Global Ports is expanding its operations to support the kingdom’s goal of becoming a global logistics hub, a key part of its Vision 2030 plan, according to a report in Asharq Al-Awsat. The initiative, backed by the country’s Public Investment Fund (PIF), focuses on enhancing logistics integration by seamlessly connecting sea, air, road, and rail transport to improve supply chain efficiency. This strategic development is a central component of Saudi Arabia’s economic diversification strategy, which aims to reduce reliance on oil, attract foreign direct investment, and strengthen its position in global trade corridors amidst growing competition with other regional powers in West Asia.