Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.
In its efforts to become a logistics trading hub linking Asia, Africa and Europe, Saudi Arabia has taken concrete steps to comply with the highest international standards in freight handling. In July 2016 the Kingdom signed the World Trade Organisation’s Trade Facilitation Agreement (TFA) and in March 2017 it announced its decision to join the...
Which international markets is Saudi Arabia hoping to enter for aviation services expansion?
The Kingdom’s long-term development plan, Saudi Vision 2030, gives a special place to the transport and logistics sector, aiming to leverage the country’s unique location on global shipping routes to make the maritime industry a cornerstone of national development. This means a much greater focus on domestic ports, with many projects already...
What impact will the National Transformation Programme (NTP) have on the transport sector?
One of the keys to unlocking Saudi Arabia’s potential as a global transport hub is the development of its aviation sector, and there are significant changes taking place that will provide opportunities for international investors. Across the country, airports are expanding to meet growing passenger demand, and those same terminals are being...
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