Saudi Arabia is planning to host a number of roadshows in the next 12 to 18 months in a bid to lure the likes of Amazon and DHL to boost its logistics capacity, Bloomberg has reported.
The Kingdom plans to invite international companies for potential partnerships – including possibly setting up local freight-forwarding and warehousing activities – as part of its $100 billion plan to expand its aviation industry.
As part of its Vision 2030, Saudi Arabia wants to raise the amount of freight handled to 4.5 million tons annually. The national agenda is primarily aimed at transforming the Kingdom’s economy, and ultimately reduce reliance on oil.
Mohammed Fahad Alkhuraisi, vice president for strategy at the Saudi General Authority of Civil Aviation, who was attending the Farnborough International Airshow in London also spoke about the Kingdom’s efforts to expand its airport infrastructure, as well as its plans to launch a new passenger airline to be based in Riyadh.
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