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 ports 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
3. 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
4. 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
5. 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
Some 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:-
No comments:
Post a Comment