The Kingdom of Saudi Arabia is undergoing a paradigm shift in its approach to port operations and logistics through the integration of cutting-edge technologies, giving rise to the concept of Smart Ports. This transformative journey is part of the nation’s broader commitment to economic diversification, modernization, and technological advancement.
Saudi Arabia, one of the largest maritime trading nations in the world valuing over USD500 billion, transporting over 90% of its imports and exports is set for transformation. The Saudi Arabia Freight and Logistics Market is estimated over $24 billion in 2024, with a promising trajectory to reach $32.88 billion by 2029 at a CAGR of 5.52%.
The Saudi Ports Authority, has reported that container traffic, container volumes, transhipment and passenger traffic recorded positive figures in 2023 compared to the previous year, and upward trends are expected for the period 2024-25.
The Smart Ports & Logistics Transformation Summit KSA 2024, will be an unparalleled two-day conference set to take place on May 21st & 22nd , 2024 in the vibrant city of Riyadh to discuss strategies, innovation and technologies vital in achieving the KSA Vision 2030 to emerge as a logistics hub in the MENA region.
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