Saudi Arabia’s logistics sector is poised to reach SR67.5 billion ($17.9 billion) this year, according to industry experts.

The sector is reflective of the entire GCC’s flourishing industry, which is expected to achieve a 6.9 per cent growth rate, said a statement released by the organisers of the second Trans 4 Saudi Arabia Exhibition.

The GCC countries have secured the biggest number of logistics contracts in the whole of Middle East, owing to significant investments, high consumer spending and rapid economic growth in 2013, it said.

Ramatan Exposition and Conference together with Riyadh Exhibitions Company (REC) are organising the exhibition, a leading event for railways, metro, stations, buses, contracting and services, from January 25 to 28 at the Riyadh International Convention and Exhibition Center.

The event will showcase a wealth of current and future opportunities in the kingdom and other GCC states. It is a key initiative designed to help further the rapidly expanding local and regional sectors.

The event will also display an extensive array of the latest products, equipment, technologies, solutions and services from leading companies and biggest organisations.  

It will cover numerous areas including air freight, integrated transportation modes, courier services, air, land and sea transportation, combined transportation systems, electronic data interchange systems, Enterprise Resource Planning (ERP) systems, e-services, distribution services, free zone equipment and services, and insurance companies and services.

It will enable industry peers to network with each other and explore business opportunities to boost the local and regional sectors.

It will also offer key government decision makers, transportation bodies, port authorities and industry professionals the opportunity to announce initiatives, formulate strategies, discuss up-to-the-minute case studies and exchange information on global best practices. - TradeArabia News Service