Spending on rail projects alone is forecast to reach around $79bn in the next 10 years, according to the Saudi Gazette.
The total value of logistics projects connected to such developments across the Gulf Cooperation Council nations is projected to reach $3.7bn by 2015.
Last year, GCC countries signed the biggest number of logistics contracts in the Middle East, fueled by large investments, high consumer spending, and rapid economic growth. The magnitude and multimodal scope of regional transport investment initiatives are creating huge opportunities for developers, contractors, transport facility operators and their related industries.
Zeyad Al Rukban, deputy general manager, Riyadh Exhibitions Company, said: “The aggressive pace of transportation infrastructure development in Saudi Arabia offers a conducive environment for regional and international logistics service providers to establish and expand their presence here. By providing integrated supply chains, freight forwarding services and specialized warehousing zones, these organizations can in turn boost the Kingdom’s industrial growth.”