JEDDAH: Saudi Arabia’s investment in its maritime sector could see a shift in global trade logistics that helps reduce reliance on traditional routes, leading industry figures have told Arab News.
With its strategic location at the crossroads of global trade, the Kingdom is positioning itself as an international logistics hub, enhancing its maritime infrastructure and embracing sustainability.
This drive is a key part of Saudi Arabia’s economic diversification initiative under Vision 2030, which seeks to reduce the Kingdom’s reliance on oil revenues.
In August, Omar Hariri, president of the Saudi Ports Authority, revealed that investments in the Kingdom’s maritime sector have exceeded SR25…
