Details of high-priority initiatives in national transport and logistics strategy; estimated costs

Details of high-priority initiatives in national transport and logistics strategy

To boost Saudi Arabia’s position as global logistics hub

- To develop the Red Sea ports with a capacity of 35 million TEUs, and to become a global trade destination.

- To implement the hyperloop transport technology if proven feasible.

- To launch the land bridge.

- To launch Riyadh’s new airport.

- To launch three key integrated logistics centers.

-To shorten the customs clearing period to two hours.

- To finalize the relevant legislative measures.

To improve quality of life in Saudi cities

- Road safety program to reduce road fatalities.

- To implement smart mobility in automated electric vehicles.

To reach state budget balance

- Build-up of prerequisites of new capital projects.

- To launch road pricing program.

- To launch the fiscal sustainability fund for transport and logistics services.

Improve government entities’ performance

- To convert the ministry of transport into a supervisory authority.

- To offer best practices for beneficiaries.

- To launch a research center on transport.

- To boost the national strategy for transport and logistics services.