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

Oracle expands data center capacity in Kingdom, UAE amid AI demand
News
Calendar Icon
October 29, 2026
Oracle expands data center capacity in Kingdom, UAE amid AI demand
Read More
Saudi-led consortium completes acquisition of REDA Gulf Holding
News
Calendar Icon
October 29, 2026
Saudi-led consortium completes acquisition of REDA Gulf Holding
Read More
LuLu Financial, Purpleplum join hands to expand digital financial services for SMEs
News
Calendar Icon
October 28, 2026
LuLu Financial, Purpleplum join hands to expand digital financial services for SMEs
Read More
Dubai Chambers, DHL Express partner to help local firms expand globally
News
Calendar Icon
October 28, 2026
Dubai Chambers, DHL Express partner to help local firms expand globally
Read More
Report: Saudi Arabia among least expensive data center construction markets globally
News
Calendar Icon
October 28, 2026
Report: Saudi Arabia among least expensive data center construction markets globally
Read More
Green Cycle expands production as European demand for recycled plastic rises
News
Calendar Icon
October 27, 2026
Green Cycle expands production as European demand for recycled plastic rises
Read More
Mubadala Capital secures strategic investment from Apollo
News
Calendar Icon
October 27, 2026
Mubadala Capital secures strategic investment from Apollo
Read More
Ministry of Media, Nutanix to build AI-ready foundation for Saudi media sector
News
Calendar Icon
October 27, 2026
Ministry of Media, Nutanix to build AI-ready foundation for Saudi media sector
Read More
PayTabs to fully acquire SeaPay, targeting $100 bn in annual payments
News
Calendar Icon
October 27, 2026
PayTabs to fully acquire SeaPay, targeting $100 bn in annual payments
Read More
ElevateVia launches fundraising platform to connect founders with investors worldwide
News
Calendar Icon
October 26, 2026
ElevateVia launches fundraising platform to connect founders with investors worldwide
Read More