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

Qassim University launches 5th Innovation Incubator Program to boost startup ideas
News
Calendar Icon
February 26, 2026
Qassim University launches 5th Innovation Incubator Program to boost startup ideas
Read More
Saudi Arabia to host MIPIM Middle East 2026 in October
News
Calendar Icon
February 26, 2026
Saudi Arabia to host MIPIM Middle East 2026 in October
Read More
Saudi Arabia to launch 1st AAM test site in Riyadh
News
Calendar Icon
February 26, 2026
Saudi Arabia to launch 1st AAM test site in Riyadh
Read More
Sitecore deploys SitecoreAI platform in Saudi Arabia, UAE
News
Calendar Icon
February 25, 2026
Sitecore deploys SitecoreAI platform in Saudi Arabia, UAE
Read More
Accenture expands Saudi operations with new innovation hub at KAFD
News
Calendar Icon
February 25, 2026
Accenture expands Saudi operations with new innovation hub at KAFD
Read More
Ford eyes local manufacturing in Saudi Arabia as sales surge
News
Calendar Icon
February 25, 2026
Ford eyes local manufacturing in Saudi Arabia as sales surge
Read More
ASMO, Arcapita to build 1.4 mn sqm logistics facility in SPARK
News
Calendar Icon
February 25, 2026
ASMO, Arcapita to build 1.4 mn sqm logistics facility in SPARK
Read More
Saudi companies revisit IPO plans as market conditions stabilize
News
Calendar Icon
February 24, 2026
Saudi companies revisit IPO plans as market conditions stabilize
Read More
HUMAIN begins installing Qualcomm AI racks at data center
News
Calendar Icon
February 24, 2026
HUMAIN begins installing Qualcomm AI racks at data center
Read More
Saudi Arabia allows limited exemptions to regional HQ rule
News
Calendar Icon
February 23, 2026
Saudi Arabia allows limited exemptions to regional HQ rule
Read More