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

SAL achieves landmark Triple ISO Certification in Saudi logistics sector
News
Calendar Icon
May 20, 2026
SAL achieves landmark Triple ISO Certification in Saudi logistics sector
Read More
Tarmeez Capital partners with IE University to drive AI, fintech in Kingdom
News
Calendar Icon
May 20, 2026
Tarmeez Capital partners with IE University to drive AI, fintech in Kingdom
Read More
Goldman Sachs to arrange $5.3bn financing for Humain’s data centers
News
Calendar Icon
May 20, 2026
Goldman Sachs to arrange $5.3bn financing for Humain’s data centers
Read More
StartupBlink Index: Saudi Arabia tops G20 in startup ecosystem growth
News
Calendar Icon
May 19, 2026
StartupBlink Index: Saudi Arabia tops G20 in startup ecosystem growth
Read More
Mawani, NetZero launch ‘Green Ports Initiative’ in Saudi Arabia
News
Calendar Icon
May 19, 2026
Mawani, NetZero launch ‘Green Ports Initiative’ in Saudi Arabia
Read More
Americana to launch 200 outlets in MENA through ADNOC Distribution Network
News
Calendar Icon
May 19, 2026
Americana to launch 200 outlets in MENA through ADNOC Distribution Network
Read More
Saudi Arabia launches 1st quantum computer with Aramco-Pasqal partnership
News
Calendar Icon
May 19, 2026
Saudi Arabia launches 1st quantum computer with Aramco-Pasqal partnership
Read More
Qiddiya taps Google Cloud AI to build digital backbone for Qiddiya City
News
Calendar Icon
May 18, 2026
Qiddiya taps Google Cloud AI to build digital backbone for Qiddiya City
Read More
Riyad Bank, Mastercard introduce first corporate card portfolio in Kingdom
News
Calendar Icon
May 18, 2026
Riyad Bank, Mastercard introduce first corporate card portfolio in Kingdom
Read More
Saudi Arabia sees strong surge in investment activity across key sectors
News
Calendar Icon
May 18, 2026
Saudi Arabia sees strong surge in investment activity across key sectors
Read More