Riyadh – Mubasher: Saudi Arabia is set to discuss the development of the maritime sector this year on the sidelines of the 2nd Saudi Maritime Congress after the kingdom’s 2019 budget has allocated around SAR 33 billion ($8.8 billion) for the energy, industry, mining and logistics sector.
These potential investments are a part of Saudi Vision 2030 that aims to diversify economy resources away from oil revenues, in addition to enhancing the GCC nation’s economy.
The event will be held on 11 March under the auspices of the Saudi Ports Authority (MAWANI) and in partnership with the National Shipping Company of Saudi Arabia (Bahri), according to an official statement.
This event is expected to boost Saudi Arabia’s position as a major trading gateway to Europe, Asia, and Africa.
“Against the background of global change, the Kingdom of Saudi Arabia’s Vision 2030 plan is set to transform the Saudi economy, with massive consequences for its maritime and logistics sectors,” Seatrade’s chairman Chris Hayman stated.
