Saudi Arabia Vision to Boost E-Commerce Industry
Advertisement
Establishing a unique regional logistics hub
Saudi Arabia has invested greatly in ports, railways, roads, and airports. To take full advantage of these investments, the state plans a series of new international partnerships with private companies to improve our infrastructure and build infrastructure networks that connect both at home and abroad. The country will use more efficient systems and basic hardware which include more rigorous government management, more simplified procedures, and more efficient customs systems. The state will optimize and implement existing laws and regulations, encourage air, sea, and other transport operators to expand capacity, establish sustainable links between trade hubs and open new trade routes. This will consolidate Saudi Arabia’s position as a logistics hub on three continents. By 2030, Saudi Arabia aims to increase its logistics performance index from 49 to 25 and ensure its leadership position in the region.
Advertisement
Regional and international integration
One of Saudi Arabia’s primary concerns is to consolidate and strengthen its internal links and economic integration with the Gulf Cooperation Council countries. The state will work to accelerate the process of establishing a common market among Gulf Cooperation Council countries, uniform the tariff, economic and legal systems, and build a joint road and rail network. Saudi Arabia has sought to build effective links with other countries in the middle east and north African region through improved logistics services and new cross-border infrastructure projects, including land transport into Africa through Egypt. Logistics and trade flows will be simplified, consolidating Saudi Arabia’s position as a pre-eminent regional trading hub.
Advertisement
- Previous article
- How to Upgrade Blued in Latin America
- Next article
- How to Know the Weight of Tyrannosaurus Rex?
Advertisement
OTHER NEWS
The man who lived for two days trapped in a wreck underwater
BY Margaret
Online holiday shopping sales in the U.S. could surpass $200 billion this year
BY Sarah
The more generous the society is, the longer its members live
BY Michelle
Will Mathematician Be Replaced by AI?
BY Kathleen
Each Person’s Internet History Is Unique
BY Ann
Sleep well first: Sleep and weight loss
BY Helen
RECENT NEWS
-
PUBG Mobile Esports Generated 200 Million Hours of Viewing in 2020
-
Mario Kart Tour Races to $200M revenue and 200M Downloads
-
Game Acquisitions Expand Globally in Q1 2021 with 280 Deals Worth $39 Billion Surpassing That in 2020
-
Free Fire Shows Strong Momentum, with Its Revenue Overtaking PUBG Mobile in a Single Market for Q1 2021
-
The Games Fund Launched a $50 Million Early Investment Fund to Invest in American and European Companies
-
How to Download and Install Wyze App for Free?