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

Capgemini Report: AI Agents to deliver $450bn to Financial Sector by 2028
News
Calendar Icon
November 12, 2025
Capgemini Report: AI Agents to deliver $450bn to Financial Sector by 2028
Read More
Valor Hospitality expands in Saudi Arabia with major hotel portfolio deal
News
Calendar Icon
November 12, 2025
Valor Hospitality expands in Saudi Arabia with major hotel portfolio deal
Read More
DataCamp acquires Dubai-based Optima to boost AI learning capabilities
News
Calendar Icon
November 12, 2025
DataCamp acquires Dubai-based Optima to boost AI learning capabilities
Read More
Saudi fintech Lean Technologies eyes expansion, future IPO
News
Calendar Icon
November 12, 2025
Saudi fintech Lean Technologies eyes expansion, future IPO
Read More
Saudi Arabia to Join G20 Startup20 Summit in Johannesburg
News
Calendar Icon
November 12, 2025
Saudi Arabia to Join G20 Startup20 Summit in Johannesburg
Read More
NTT eyes Saudi Arabia for potential data center expansion
News
Calendar Icon
November 12, 2025
NTT eyes Saudi Arabia for potential data center expansion
Read More
TDF launches SAR 2.9 bn projects at TOURISE Summit 2025
News
Calendar Icon
November 12, 2025
TDF launches SAR 2.9 bn projects at TOURISE Summit 2025
Read More
Biban 2025 cements Saudi Arabia’s position as global hub for entrepreneurs
News
Calendar Icon
November 12, 2025
Biban 2025 cements Saudi Arabia’s position as global hub for entrepreneurs
Read More
Mr. Mandoob signs strategic partnership with Nana during Biban Forum
News
Calendar Icon
November 12, 2025
Mr. Mandoob signs strategic partnership with Nana during Biban Forum
Read More
AMAALA launches as Red Sea Global’s flagship wellness destination
News
Calendar Icon
November 11, 2025
AMAALA launches as Red Sea Global’s flagship wellness destination
Read More