Transport sector sees SAR 250B investments since 2021: Al-Jasser

Saudi Arabia’s Minister of Transport and Logistics Saleh Al-Jasser stated that investments in the sector have exceeded SAR 250 billion since the launch of the National Transport and Logistics Strategy in mid-2021.

This includes multiple investments in partnership with the private sector, including SAR 25 billion through privatization projects, in addition to 16 further open opportunities currently being developed with the private sector across airports, roads, maritime transport, and logistics services, state-run news agency SPA cited Al-Jasser as saying during his participation in a panel discussion at the PIF Private Sector Forum.

The minister further emphasized the importance of private sector partnerships, noting that transport and logistics represent a dynamic economic sector with attractive investment-ready infrastructure and strong job creation potential, contributing effectively across all economic and social sectors.
 This system collaborates with the Public Investment Fund in various fields, including aviation, airports, maritime transport, railways, and other related activities, said the minister, describing the Fund as a partner in the achieved successes.
 Al-Jasser also explained that cooperation with PIF has led to the transfer of several assets, starting with Riyadh Airport, followed by other airports, ports, and Saudia Airlines, while offering numerous partnership opportunities with the private sector.

A total of 70 opportunities have been identified, of which 16 are currently available, he noted.

Al-Jasser noted that the government has designated the transport and logistics sector as one of five key priority sectors for focused development.
 He also stressed the importance of strengthening local content in the sector, stating that the local content ratio has increased from 39% at the launch of the National Strategy in 2020 to 57% currently, with a target of reaching 70% by 2030.