16 Hrs
Source:
الاقتصادية
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Supply chains and local shipbuilding support
The Saudi naval fleet ranked twentieth worldwide and first regionally, with Saudi Arabia recording the second-highest growth rate among G20 countries last year, supported by ongoing development of systems and facilitation of regulatory procedures. This growth comes as part of strategic efforts to enhance the Kingdom’s competitiveness in maritime transportation, localize maritime industries, and improve operational efficiency, alongside supporting projects such as the King Salman Marine Industries Complex in Ras Al-Khair. The initiatives also include signing agreements to boost local manufacturing and train national personnel, amid continued maritime transportation services despite disruptions in global supply chains, with aspirations to improve maritime rankings and increase the sector’s readiness.
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