GLF24’s 1st day witnesses 69 deals inking worth over SAR 17 bn

user icon
GHADA.ISMAIL
calender icon
Oct 14, 2024
article image

Riyadh – Sharikat Mubasher: Saudi Minister of Transport and Logistics Services Saleh Al-Jasser announced the signing of 69 agreements worth over SAR 17 billion on the first day of the Global Logistics Forum (GLF24).

The Minister told Al Arabiya Business that one of the agreements between Saudi Arabia and Egypt was signed to facilitate maritime transport and tourism in the Red Sea and integration for this purpose.

Some other deals and memoranda of understanding were also inked for airports and shipping centers, Al-Jasser added.

Al-Jasser also revealed that the Riyadh Metro is nearing its grand opening, which is expected to take place within just a few weeks. He highlighted that the metro is undergoing daily testing, calling it an “exceptional and historic project.”

The Riyadh Metro spans 176 kilometers and includes 85 stations. The metro system will integrate with the Riyadh Bus Network, which comprises 24 routes stretching 1,083 kilometers, serving 776 stations

The two-day Global Logistics Forum kicked off yesterday and ends today, Oct. 14. It is being held at the King Abdullah Financial District and is organized by the Ministry of Transport and Logistics Services, under the patronage of King Salman.


Share

Related News

Jozo closes seed round to accelerate growth, operational expansion
News
Calendar Icon
April 9, 2026
Jozo closes seed round to accelerate growth, operational expansion
Read More
Almosafer launches AI travel planning feature on ChatGPT
News
Calendar Icon
April 9, 2026
Almosafer launches AI travel planning feature on ChatGPT
Read More
Snoonu pacts with Namaa to empower entrepreneurs in Qatar
News
Calendar Icon
April 9, 2026
Snoonu pacts with Namaa to empower entrepreneurs in Qatar
Read More
Propeller hosts 5 MENA deep-tech startups in Silicon Valley residency
News
Calendar Icon
April 9, 2026
Propeller hosts 5 MENA deep-tech startups in Silicon Valley residency
Read More
Grant Thornton Saudi Arabia, AstroLabs join forces to simplify market entry
News
Calendar Icon
April 8, 2026
Grant Thornton Saudi Arabia, AstroLabs join forces to simplify market entry
Read More
Existing e-commerce registers in Saudi Arabia rise by 9% in Q1-26
News
Calendar Icon
April 8, 2026
Existing e-commerce registers in Saudi Arabia rise by 9% in Q1-26
Read More
Saudi Ministry of Commerce issues over 70K registers in Q1-26
News
Calendar Icon
April 8, 2026
Saudi Ministry of Commerce issues over 70K registers in Q1-26
Read More
Riyadh climbs to 24th in IMD Smart City Index 2026
News
Calendar Icon
April 8, 2026
Riyadh climbs to 24th in IMD Smart City Index 2026
Read More
PIF signs 3 MoUs to attract global investment, strengthen Saudi financial market
News
Calendar Icon
April 8, 2026
PIF signs 3 MoUs to attract global investment, strengthen Saudi financial market
Read More
Saudi AI Sector sees 240% growth in commercial registrations in Q1-2026
News
Calendar Icon
April 8, 2026
Saudi AI Sector sees 240% growth in commercial registrations in Q1-2026
Read More