Tuesday 9 August 2022

Saudi domestic cargo demand to grow 4-5pc

Riyadh, February 7, 2011

Saudi Arabia’s domestic cargo demand is expected to grow by a compound annual rate of between 4 and 5 per cent, a report said.

International flows are expected to grow by 5 per cent and between 7 and 8 per cent for air and sea cargo, respectively, according to TNT SAB Express Saudi Arabia.

Figures from the Saudi Arabian General Investment Authority show that the country’s rapid domestic development led by planned economic cities indicates strong demand for domestic cargo services. The cities alone could contribute an additional 86 to 129 million tons per annum or approximately 30 per cent of the expected growth in cargo flow throughout the kingdom.

Express services companies have been contributing directly and indirectly to this growth throughout the scores of transactions they have completed over the past 12 months. One of the most active companies involved in the express services sector is expected to gain more than 30 per cent market share in affirmation of the solid growth of the cargo industry in the the kingdom.
“The cargo transactions that are playing major roles in economic growth are being carried out by key market players within various industries such as construction, automotive, oil and gas and even education,” explained Nael Attiyat, sales and marketing director, TNT SAB Express Saudi Arabia.

“In addition, factors such as the availability of low-cost fuel, a main element in developing the kingdom’s express service industry, are accelerating growth,” he added.-TradeArabia News Service

Tags: Saudi Arabia | logistics | transport | shipping | cargo |

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