Transport & logistics sector to get a fillip as retail and FMCG industries grow in Saudi Arabia: Ken Research
The growing retail and FMCG industry in Saudi Arabia will boost the demand for warehouse storage and transportation and logistics facilityin Saudi Arabia, according to Ken Research's latest report on "Saudi Arabia Logistics and Warehousing Market Outlook to 2020 - Expanding Industrial and Retail Activities Supported by Infrastructure Spending to Support Growth".
Jan 10, 2017: The growing retail and FMCG industry in Saudi Arabia will boost the demand for warehouse storage and transportation and logistics facilityin Saudi Arabia, according to Ken Research's latest report on "Saudi Arabia Logistics and Warehousing Market Outlook to 2020 - Expanding Industrial and Retail Activities Supported by Infrastructure Spending to Support Growth". The report offers a comprehensive analysis of logistics and warehousing industry in Saudi Arabia.
Opportunity lies for the growth of logistics and warehouse storage on the back of a booming e-commerce industry. International courier facilities and express delivery will drive the market in the near future, the study finds out.
The leading players in Saudi Arabia logistics and warehousing industry are DHL, Panalpina, DB Schenker, TNT, UPS, Agility, Aramex, Almajdouie group and others, lists the report. Freight forwarding has dominated the market in the country over the years in terms of revenues.
The government is also mulling expansion of Jeddah and Dammam airports so that their capacity will increase. This will lead to rise in the logistics and warehousing market of the country, as more number of cargo units move through these important points of entry. The government has announced plans to invest $30 billion in upgrading facilities to enable the Kingdom's ports to compete on the global stage. Furthermore, the expansion in the railways and airline networks in the country will allow more number of cargo to be transported from one place to another.
