Saudi Arabia invests 110 billion yuan to build logistics center

According to reports, Saudi Arabia plans to invest 15.31 billion US dollars (approximately 110 billion yuan) to comprehensively upgrade its logistics facilities in order to enhance the country's export competitiveness. This includes the construction of a new airport and freight station, as well as the planning and construction of a 2000 kilometer railway line. Industry insiders believe that this move will help Saudi Arabia build a strong logistics network and is expected to become the main foreign trade channel for Asia, Europe, and Africa in the coming years.

Saudi Arabia has invested billions of yuan to build a strategic logistics hub, which undoubtedly brings new business opportunities to domestic logistics enterprises. At the same time, the demand for logistics and warehousing in the United Arab Emirates and Saudi Arabia is also growing, opening new market doors for Chinese companies.

In recent years, with the promotion of e-commerce and local economic diversification strategies, the demand for logistics and warehousing in the United Arab Emirates and Saudi Arabia has continued to rise. According to data from the globally renowned real estate consulting firm Knight Frank, the demand for new warehouses in Dubai reached 9.9 million square feet in the first nine months of last year alone, with the logistics industry accounting for 44% of the market share. In addition, Saudi Arabia plans to build 59 logistics centers nationwide to lay the foundation for regional e-commerce development.

Saudi Arabia's construction of a global logistics hub worth billions of yuan has created a rare opportunity for Chinese companies to enter the Middle East market. I believe that with the joint efforts of all parties, the economic and trade cooperation between China and Saudi Arabia will achieve even more brilliant achievements.