With Massive Ports, Huge Railway Networks and Exports/Imports Reaching New Milestones, KSA Logistic Market is anticipated to grow at the rate of 5% during the tenure 2022-2026: Ken Research

1. "The growth plan:" KSA is planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in comprehensive nationwide network over the coming years.

Future Trends in KSA Logistics Market: https://www.kenresearch.com/industry-reports/saudi-arabia-logistics-market

The government of KSA is planning to planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in comprehensive nationwide network over the coming years. Projects such as 'Airport Expansion' & 'Port Modernization' are expected to improve the local, regional and international connectivity of trade and transport networks. Furthermore, 'National Industrial Development and Logistics Program Integrated with Vision 2030' has also been put into place in order to create and improve the performance of logistics hubs. All in all, the industry is expected to be well equipped for further growth.

2. Market is expected to have excellent growth in future due to huge investment projects taken by government for construction of airports, seaports, bridges for better inter-country connectivity

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The government of Saudi Arabia has put into place certain projects which are beneficial for the long-term growth of the logistics market. For instance, in January 2022, Saudi Arabia and Greece signed a cooperation agreement for maritime transport. The deal includes developing commercial maritime navigation, increasing traffic of commercial ships, and provide facilities to maritime transport companies. Other projects such as, 'Vision 2030' have also been put into place wherein the government is planning to become more open to issuing licenses for full-fledged foreign logistics businesses. With this, the new entrants are expected to fill the gap in Saudi's overall logistics market.

Major Players Mentioned in the Report:

KSA Freight Forwarding Market

Aramex
Globe Logistics
Schenker
OCSCL
SAL Group Ltd

KSA Warehousing Market

Emaar
Wared Logistics
Mosanada
Knowledge Economic City

KSA CEP Market

DHL Express
SMSA
SPL

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report:

E-commerce Companies
Third-Party Logistic Providers
Potential Market Entrants
Freight Forwarding Companies
Warehousing Companies
Cold Storage Companies
Industry Associations
Consulting Agencies
Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Period: 2017-2021
Base Year: 2021
Forecast Period: 2021-2026

For more insights on market intelligence, refer to the link below: -

https://www.kenresearch.com/industry-reports/saudi-arabia-logistics-market

Related Reports by Ken Research: -

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/germany-e-commerce-logistics-market-outlook-to-2026/596100-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/australia-logistics-market-outlook-to-2025/427141-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/germany-e-commerce-logistics-market-outlook-to-2026/596100-100.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.