Showing posts with label KSA Logistics Industry. Show all posts
Showing posts with label KSA Logistics Industry. Show all posts

Thursday, August 24, 2023

Logistics Evolution in KSA: Unveiling Vision 2030 - Breaking or Embracing Barriers? : Ken Research

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In line with its ambitious Vision 2030, the KSA Logistics Industry is undergoing a visionary transformation to position the kingdom as a global logistics hub. Anchored by the development of Special Economic Zones (SEZs), an integrated transport infrastructure, and comprehensive reforms of seaports, the government's strategic initiatives are poised to reshape the industry's landscape. However, amidst these promising strides, significant challenges persist. The absence of a professional warehouse and inadequate port facilities hindered the industry’s progress. As the KSA charts its course toward becoming a logistics powerhouse, the question remains: Can the industry navigate these hurdles and sustain its growth trajectory? Discover the insights that lie ahead, exploring whether the industry can triumph over its bottlenecks, within the following discourse

1. The KSA government is aiming to establish the kingdom as a logistics hub under it’s vision 2030 by development of SEZ, integrated transport infrastructure and reformation of sea portsLogistics Evolution in KSA Request a Call with Expert to know more about the business model

2. For this, KSA is planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in the comprehensive nationwide network over the coming years

Logistics Evolution in KSA3. However, Lack of professional warehouses, inadequate facilities at ports, and poor trucking services are the major barriers to the growth of the Logistics Market in KSA

Logistics Evolution in KSA4. But the market is expected to have excellent growth in the future due to substantial investment projects taken by the government for the construction of airports, seaports, and bridges for better inter-country connectivity

Logistics Evolution in KSA5. The industry has a strong potential to register positive growth in the next five years owing to the immense support from the government through investments in infrastructure 

Logistics Evolution in KSASome of the Intelligence Curated by Ken Research in Logistics Market Space:

  • Indonesia Logistics Market Outlook to 2027 driven by high growth in E-Commerce, government policies attracting foreign investors & promising manufacturing sector.
  • UAE Cold Chain Market Outlook to 2027 Driven by rising consumption of dairy, meat and seafood, smooth domestic and international connectivity and automation in warehouses
  • Vietnam Cold Chain Market Outlook to 2026 Driven by Rising Meat and Seafood Consumption and Increasing Awareness of Applying Cold Chain in Protecting Foods in Vietnam
  • KSA Warehousing Automation Market Outlook to 2027 Driven by Bolstering Ecommerce Industry & Ambitious Government Plans for Digitalization to Pave Strong Grounds for Automation
  • South Korea Warehouse Automation Market Outlook to 2027 Driven By increasing demand from end-user industries and factors such as increasing labor cost and labor shortage in the country

To Know more about this Whitepaper, Visit this link:-

KSA Logistics Industry

Friday, July 14, 2023

KSA Warehousing sector is expected to embrace structural revisions as a response to rapidly changing demand drivers & technological advances and is expected to generate $4.0 Bn by 2026. Will it serve the logistics market for good? Ken Research

Increased adoption of Technological tools alongside other factors including rising cold storage demand are poised to take the KSA warehousing market towards a steady growth, says a report by Ken Research

1. Increasing Automation, Rising Cold Storage Demand, Increasing Multi-story Warehouses are some of the trends prevalent in the industry.

KSA Logistics Industry

Recent trends in KSA Logistics Market

The Saudi Vision 2030 encompasses a nine-point strategy to maximize its strategic advantage to evolve into the “go-to logistics hub.” The Saudi Logistics initiative involves development of ~60 logistics platforms in more than 50 different locations including Integrated Logistics Bonded Zone (ILBZ) and Al Khomra and many more. Consumption upgrade is driving the demand for fresh foods and FMCG Sector, thereby supporting demand for cold storage warehouses in KSA. Hence, investments in cold warehouses or the transformation from general warehouses to cold warehouses is speeding up. Furthermore, Connectivity driven by internet has led to more efficient flow of goods and faster problem solving.

2. “Technology providing a strong backbone:” Increased Automation due to rising Investment in Newer Technologies is driving the demand for Modern Warehouses in KSA

KSA Logistics Sector

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Next generation supply chains in KSA are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.

Friday, June 16, 2023

With Massive Ports, Huge Railway Networks and Exports/Imports Reaching New Milestones, KSA Logistic Market is anticipated to grow at the rate of 5% during the tenure 2022-2026: Ken Research

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1. “The growth plan:” KSA is planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in comprehensive nationwide network over the coming years.

Future Trends in KSA Logistics Market

The government of KSA is planning to planning to invest more than ~USD 100 Bn in its transportation & logistics infrastructure as a part of Vision 2030, resulting in comprehensive nationwide network over the coming years. Projects such as ‘Airport Expansion’ & ‘Port Modernization’ are expected to improve the local, regional and international connectivity of trade and transport networks. Furthermore, National Industrial Development and Logistics Program Integrated with Vision 2030’ has also been put into place in order to create and improve the performance of logistics hubs. All in all, the industry is expected to be well equipped for further growth.

2. Market is expected to have excellent growth in future due to huge investment projects taken by government for construction of airports, seaports, bridges for better inter-country connectivity

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The government of Saudi Arabia has put into place certain projects which are beneficial for the long-term growth of the logistics market. For instance, in January 2022, Saudi Arabia and Greece signed a cooperation agreement for maritime transport. The deal includes developing commercial maritime navigation, increasing traffic of commercial ships, and provide facilities to maritime transport companies. Other projects such as, ‘Vision 2030’ have also been put into place wherein the government is planning to become more open to issuing licenses for full-fledged foreign logistics businesses. With this, the new entrants are expected to fill the gap in Saudi’s overall logistics market.

Major Players Mentioned in the Report:

KSA Freight Forwarding Market

  • Aramex
  • Globe Logistics
  • Schenker
  • OCSCL
  • SAL Group Ltd

KSA Warehousing Market

  • Emaar
  • Wared Logistics
  • Mosanada
  • Knowledge Economic City

KSA CEP Market

  • DHL Express
  • SMSA
  • SPL

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

  • E-commerce Companies
  • Third-Party Logistic Providers
  • Potential Market Entrants
  • Freight Forwarding Companies
  • Warehousing Companies
  • Cold Storage Companies
  • Industry Associations
  • Consulting Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Year: 2021
  • Forecast Period: 2021-2026

For more insights on market intelligence, refer to the link below: –

KSA Logistics Market

Related Reports by Ken Research: –

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

Germany E-Commerce Logistics Market Outlook to 2026F