Saleh Al Jasser, Minister of Transport and Logistics, confirmed the availability of 16 investment opportunities in the transport and logistics sector for the private sector within the framework of strengthening partnership with the system.
Mr. Al Jasser, during his participation in the 4th Public Investment Fund and Private Sector Forum, explained that the total private sector investment in transport and logistics systems exceeds SR 250 billion, of which SR 25 billion was attracted through privatization projects, indicating that many privatization projects with this amount of private sector investment have been completed.
He noted that international indicators confirm the success of the measures taken by the Kingdom to strengthen its transportation and logistics sector, showing that the system represents an important economic sector with infrastructure that provides advanced services, attracts investment, and creates jobs.
He added that the transport and logistics system is an enabling sector for various economic and social sectors, including industry, mining, tourism, Hajj and Umrah, trade, quality of life and other economic and development factors.
He noted that the Ministry strives to manage relations with the private sector and organize communication mechanisms through the establishment of a Logistics Partnership Council. The Council noted that it holds regular meetings with the participation of stakeholders to exchange views, provide feedback on regulations, laws and developments, and discuss ways of cooperation to increase the efficiency and competitiveness of the sector.
Saleh Al Jasser, Minister of Transport and Logistics Services, confirmed the availability of 16 investment opportunities in the private sector transport and logistics sector as part of strengthening partnership with the system.
Mr. Al Jasser, during his participation in the 4th Public Investment Fund Private Sector Forum, explained that the total private sector investment in transport and logistics systems exceeded SR 250 billion, of which SR 25 billion was attracted through privatization projects, noting that several privatization projects with this amount of private sector investment were closed.
He noted that international indicators confirm the success of the measures taken by the Kingdom to strengthen its transport and logistics sector, showing that the system represents an important economic sector with advanced services and attractive infrastructure for investment and job creation.
He added that the transport and logistics system is an enabling sector for various economic and social sectors, including industry, mining, tourism, Hajj and Umrah, trade, quality of life and other economic and development factors.
The ministry warned that it has set up a Logistics Partnership Council to manage relations with the private sector and has worked to organize communication mechanisms. The Council will hold regular meetings with stakeholders to exchange views, provide feedback on institutions, regulations and developments, and discuss ways to collaborate to strengthen the efficiency and competitiveness of the sector.
