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

Poll: 42% of healthcare leaders believe AI drives sector’s transformation
News
Calendar Icon
September 27, 2026
Poll: 42% of healthcare leaders believe AI drives sector’s transformation
Read More
Saudi tech entrepreneur Abdulaziz Al-Salloum acquires 10% stake in UAE-based GlobalPay
News
Calendar Icon
September 27, 2026
Saudi tech entrepreneur Abdulaziz Al-Salloum acquires 10% stake in UAE-based GlobalPay
Read More
Saudi Food Show 2026 kicks off in Jeddah
News
Calendar Icon
September 27, 2026
Saudi Food Show 2026 kicks off in Jeddah
Read More
Saudi Arabia ranks 13th globally in 2026 IMD competitiveness ranking
News
Calendar Icon
September 24, 2026
Saudi Arabia ranks 13th globally in 2026 IMD competitiveness ranking
Read More
Monsha’at launches ‘Education Week’ with 40+ participating entities
News
Calendar Icon
September 24, 2026
Monsha’at launches ‘Education Week’ with 40+ participating entities
Read More
MBRIF partners with DFDF to boost UAE startup growth
News
Calendar Icon
September 24, 2026
MBRIF partners with DFDF to boost UAE startup growth
Read More
Dar Ventures partners with Plug and Play to expand DarE’s reach globally
News
Calendar Icon
September 24, 2026
Dar Ventures partners with Plug and Play to expand DarE’s reach globally
Read More
Saudi Ministry of Commerce issues 192K registers in 8M
News
Calendar Icon
September 23, 2026
Saudi Ministry of Commerce issues 192K registers in 8M
Read More
JLL: Riyadh smart technologies could generate billions in economic value
News
Calendar Icon
September 23, 2026
JLL: Riyadh smart technologies could generate billions in economic value
Read More
BlackRock: Saudi Arabia leads Middle East private capital activity
News
Calendar Icon
September 23, 2026
BlackRock: Saudi Arabia leads Middle East private capital activity
Read More