Market Overview
The Smart Logistics Trade Fair Serves The Fully Integrated Supply Chain Journey Serving NIDLP Seamlessly...
The Smart Logistics Trade Fair serves the fully integrated Supply Chain Journey serving NIDLP seamlessly from material handling to SME’s…
$26 Billion in Non-oil Exports. Logistics is expected to contribute upwards of 10 percent in Saudi’s GDP by 2030, owing to a surge in technology use.
In a bid to diversify its economy, and engage nonoil sectors in the Kingdom, Saudi Arabia launched the National Industrial Development and Logistics Program at the beginning of 2019, with an aim to increase the volume of non-oil exports by 2030.
Saudi Arabia’s logistics & warehousing market was estimated to be worth more than US$16 billion in 2019, representing over 55% of Gulf Market...
The latest advances in last stage manufacturing production lines and material handling are needed to integrated with Smart Warehousing & Robotics Applications.
Factories Smart Material Handling technologies are needed to integrate with Smart Warehousing
Saudi Arabia’s materials handling, logistics, and warehousing market was estimated to be worth more than US$16 billion in 2019, comprising 55% of the Gulf Market. The Kingdom also established its National Industrial Development and Logistics Program (NIDLP) to pursue its goal of becoming a global regional logistics center, by leveraging its cross-road locations, mineral resources wealth & energy resources advantages.
US$ 3.6 billion has been allocated to the basic equipment and transport sector to include roads, the development of some airports, facilities, and ports...
In addition to the large budget allocations of US$ 3.6 billion to supporting the development of smart infrastructure, a massive futuristic international airport is planned: King Salman international Airport is to serve the Increasing annual passenger traffic from 29 million to 120 million by 2030 and 185 million by 2050. The Airport capacity will allow the processing of 3.5 million tons of cargo by 2050.
Smart Digitization Strategy essential for growth of supply chains feasibility, effectiveness and expansion plans, for-casted to drive Sector Growth by over $135 billion by 2030...
The Kingdom is encouraging the use of artificial intelligence to achieve Vision 2030 and Smart Government Strategy objectives. The strategy is expected to drive Saudi Arabia’s AI market growth beyond $135.2 billion by 2030, which in turn is estimated to contribute 12.4% to the Kingdom’s gross domestic production.
The Saudi Arabia E-Commerce Industry is Expected to Reach $20 Billion in 2027
Saudi Arabia’s E-Commerce Market Size is expanding at a CAGR of 20.87% from 2022 to 2027: Saudi Arabia’s e-commerce sector is expanding due to increased smartphone usage, social media usage, and internet penetration. Furthermore, this has prompted international e-commerce market suppliers to invest in the country. According to Invest Saudi, the government attracted 575 new foreign investment projects. The rise in these international ventures is due to the country’s booming e-commerce and retail markets.
Investment reached over US$ 60 billion serving 3,762 in Startups & SMEs, growing at a rapid rate of 9.3%...
In addition to the strong sustained support by Monsha’at, the Kafala (guaranty) program allocated US$ 19 billion to assure the continuous funding of Startups. The number of participating investors reached 97. Startups Support in KSA jumped 9.3% in Q3 of 2022, driven by healthy entrepreneurial ecosystem…