Autumn: Re-export sector to grow 23% to 61 billion riyals in 2024
Tadawul All Shares Index TASI.SA | 12256.06 | +0.36% |
Riyadh - Mubasher: Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said that Saudi Arabia recorded SAR 61 billion in exports from the re-export sector this year, a growth of 23% compared to last year.
Al-Khareef added during the Supply Chains and Logistics Conference 2024 held in Riyadh today, Sunday, that this number cannot be achieved except with the presence of great capabilities and capacities in terms of infrastructure and the interconnectedness of the concerned parties, to provide the services that contributed to achieving these numbers.
Al-Kharif added that supply chains reduce costs for manufacturers and investors and increase competitiveness, indicating that the local market in the Kingdom is good and international companies are increasing their investments in the Kingdom.