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

Abunayyan Holding, Nextpower complete formation of JV Nextpower Arabia
News
Calendar Icon
January 12, 2026
Abunayyan Holding, Nextpower complete formation of JV Nextpower Arabia
Read More
Saudi Arabia, Japan ink 12 MoUs to boost investment across strategic sectors
News
Calendar Icon
January 12, 2026
Saudi Arabia, Japan ink 12 MoUs to boost investment across strategic sectors
Read More
Saudi Arabia, Canada sign 6 MoUs to boost investment ties
News
Calendar Icon
January 12, 2026
Saudi Arabia, Canada sign 6 MoUs to boost investment ties
Read More
Wadi Jeddah, Pure Advance join hands to empower tech startups
News
Calendar Icon
January 11, 2026
Wadi Jeddah, Pure Advance join hands to empower tech startups
Read More
NVSSoft’s Tarasol platform earns DGA accreditation
News
Calendar Icon
January 11, 2026
NVSSoft’s Tarasol platform earns DGA accreditation
Read More
E-commerce registrations rise by 9% to exceed 43K in Q4-25
News
Calendar Icon
January 11, 2026
E-commerce registrations rise by 9% to exceed 43K in Q4-25
Read More
Existing commercial registrations in Saudi Arabia surpass 1.8 mn in Q4-25
News
Calendar Icon
January 11, 2026
Existing commercial registrations in Saudi Arabia surpass 1.8 mn in Q4-25
Read More
Halo AI signals rapid scale at 1Billion Followers Summit
News
Calendar Icon
January 11, 2026
Halo AI signals rapid scale at 1Billion Followers Summit
Read More
Riyadh to host IFAT Saudi Arabia Summit this month
News
Calendar Icon
January 8, 2026
Riyadh to host IFAT Saudi Arabia Summit this month
Read More
Seequent expands academic partnerships in Saudi Arabia
News
Calendar Icon
January 8, 2026
Seequent expands academic partnerships in Saudi Arabia
Read More