海角直播

Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽

Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽
海角直播鈥檚 logistics sector received a significant boost as Transport Minister Saleh Al-Jasser inaugurated the SR611 million ($165 million) Agility Logistics Park in Jeddah. 聽SPA
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Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽

Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽

JEDDAH: 海角直播鈥檚 logistics sector received a significant boost as Transport Minister Saleh Al-Jasser inaugurated the SR611 million ($165 million) Agility Logistics Park in Jeddah. 聽

Developed by Agility Logistics Parks, the site features six Class-A warehouses built to international standards and designed to serve key sectors including retail, consumer goods, technology, as well as automotive, energy and e-commerce, the Saudi Press Agency reported.聽

The move aligns with the Kingdom鈥檚 push to position itself as a global logistics hub and advance the targets of the National Transport and Logistics Strategy under Vision 2030.聽

On the occasion, Al-Jasser said: 鈥淭he successive investments from both global and local private sectors in the logistics and supply chain industry reflect the attractiveness of 海角直播's logistics sector.鈥澛

He added that the industry has attracted substantial investment from leading global logistics companies. This has been driven by structural reforms, strong operational growth, rising performance levels, and major advancements in logistics infrastructure projects.聽

Al-Jasser highlighted the strategic partnership with the private sector and the substantial economic and developmental opportunities available in the Kingdom's transport and logistics industry.聽

The minister added that these investments reflect a shared, long-term commitment with private-sector partners to develop modern, high-quality logistics infrastructure. This includes strengthening supply chain operations, supporting data centers, leveraging artificial intelligence, and driving business growth and investment.聽

He also underscored the role of logistics investments in creating direct and indirect employment opportunities, supporting economic growth, and strengthening the sector's long-term competitiveness.聽

Agility Global Chairman Tarek Sultan said: 鈥淭he inauguration of the Agility Logistics Complex in Jeddah aligns with our long-term strategic commitment to invest in and enhance the Kingdom's logistics ecosystem under Vision 2030.鈥澛

He added: 鈥淏y establishing Class-A logistics complexes in Jeddah, connected to national trade corridors including the expanded Jeddah Islamic Port and associated transport and logistics projects, we contribute to the Kingdom's efforts to improve the efficiency of global supply chains and develop a more resilient and sustainable infrastructure.鈥澛

He further said that the new complex represents an advanced model of speed, reliability, and sustainable solutions for companies operating in one of the region's most dynamic commercial hubs.聽

Built on 576,760 sq. meters of land with more than 338,000 sq. meters of built-up space, the complex is located in the Al-Mahjar district, 11 km from Jeddah Islamic Port and 15 km from the city center. The warehouses comply with Saudi Civil Defense, municipal and Saudi Food and Drug Authority regulations, and offer dry and temperature-controlled storage in a secure, 24-hour operational environment.聽

The project forms part of Agility鈥檚 long-term investment strategy to expand and modernize the Kingdom's logistics infrastructure. It was developed in partnership with the General Authority for State Real Estate, which facilitated the land allocation for the complex.聽


海角直播 draws nearly $180bn in early November investment push聽

海角直播 draws nearly $180bn in early November investment push聽
Updated 16 November 2025

海角直播 draws nearly $180bn in early November investment push聽

海角直播 draws nearly $180bn in early November investment push聽

RIYADH: 海角直播 booked close to $180 billion in combined investment commitments across multiple sectors in early November, as the Kingdom continues to position itself as a global destination for business and tourism. 

Through hosting the Biban forum, the inaugural TOURISE Summit and the Future Investment Initiative, the Kingdom collectively attracted $173 billion in investments, the Saudi Press Agency reported. 

The Biban forum drew more than 100,000 visitors and generated agreements exceeding SR38 billion ($10 billion). The four-day event, held under the theme 鈥淕lobal Destination for Opportunities,鈥 also attracted significant international interest, including nearly 50 startups from South Korea. 

The opening edition of the TOURISE Summit secured investments worth $113 billion. Participating international and local companies announcing portfolios as part of the total included Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix and Ocean Link. 

The summit supports 海角直播鈥檚 goal of emerging as a global tourism hub, with the Kingdom targeting more than 150 million visitors by the end of the decade. 

The ninth edition of the Future Investment Initiative saw more than $50 billion in signed agreements and investment pledges, spanning artificial intelligence, advanced technology, renewable energy and infrastructure. Since its inception, the FII platform has enabled more than $250 billion in cumulative deals, reinforcing 海角直播鈥檚 ambition to become a global investment hub. 

In November, the General Authority for Military Industries announced that the localization of military spending had risen to 24.89 percent, marking progress toward the Vision 2030 target of 50 percent. 

In the energy sector, Saudi Aramco reported third-quarter 2025 adjusted net income of $28 billion, slightly above $27.7 billion a year earlier. The company also raised its 2030 sales gas production capacity growth target to around 80 percent above 2021 levels, expecting total gas and associated liquids output of about 6 million barrels of oil equivalent per day. 

In telecommunications, the Communications, Space and Technology Commission conducted the Middle East and Africa鈥檚 first-ever trial of the 7 GHz frequency band for 6G.