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Saudi Metals and Logistics Updates
Saudi Arabia is celebrating new opportunities to strengthen its position in the global supply chains by leveraging its mineral wealth, energy resources, and geographical location. The mineral reserves are valued at over 9.4 trillion riyals, and the Kingdom is working to increase the contribution of the sector to the local GDP to 240 billion riyals, alongside boosting investments in mining and logistics industries. Additionally, Saudi Arabia aims to ensure the sustainability of vital mineral supplies that are growing in global importance, with a focus on developing logistics infrastructure and supporting exports through modern logistics hubs. This initiative seeks to enhance its standing in the global economy and maximize the benefit from its resources, coinciding with expected local economic growth of 4.5% in 2025.
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