Saudi Arabia Hosts Global Logistics Forum to Boost Sector and Forge Partnerships
Key Ideas
- The Global Logistics Forum in Riyadh concluded with over 60 strategic partnerships and MoUs worth SAR 16 billion, focusing on reshaping the logistics services map and enhancing global cooperation.
- Key agreements include partnerships with FedEx, Sadel Group, Pacific International Lines, and Saudi Ports Authority to explore new opportunities in logistics services and multimodal transport.
- The event also highlighted new training initiatives, scholarship programs, and collaborations to support industrial transformation and talent development in the transport and logistics sector.
- The forum addressed crucial topics like investing in logistics infrastructure, energy ports, and the successful evaluation of Saudi Arabia's first hydrogen-powered train, demonstrating the country's commitment to innovation and sustainability.
The Global Logistics Forum held in Riyadh, Saudi Arabia, focused on boosting the international cooperation in the logistics sector, with the signing of over 60 strategic partnerships and memorandums of understanding valued at SAR 16 billion. Dr. Rumaih Al-Rumaih, the Saudi Deputy Minister of Transport and Logistics Services, emphasized the forum's role in enhancing efficiency, resilience, sustainability, and profitability in the logistics system. The agreements announced during the event showcased the transformative impact of collaboration and reflected Saudi Arabia's leadership in the global logistics services sector. Key partnerships included collaborations with companies like FedEx, Sadel Group, Pacific International Lines, and Saudi Ports Authority. The forum also launched new training initiatives and scholarship programs to support talent development in the sector. Additionally, significant agreements were made with entities like the National Unified Procurement Company for Medical Devices and Supplies (NUPCO) and the Saudi Industrial Development Fund to enhance medical supply chains and logistics services. The event highlighted the expansion of warehouses by Agility Logistics, new partnerships in air cargo services, and the successful evaluation of Saudi Arabia's first hydrogen-powered train by the Saudi Railways Company. The forum addressed crucial topics such as logistics infrastructure investment, energy ports, and talent empowerment. The presence of ministers, officials, and industry leaders from 30 countries underscored the event's significance in reshaping the global logistics services map and fostering industry advancements.
Topics
Rail
Economic Development
Partnerships
Global Cooperation
Investment Opportunities
Transport Infrastructure
Industry Advancements
Logistics Sector
Training Initiatives
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