The Special Integrated Logistics Zone was launched by the Minister of Transport and Logistics Saleh Al-Jasser on Monday. The zone is regarded as the world’s most innovative economic zone. Leaders from the global logistics industry joined the General Authority of Civil Aviation (GACA) to celebrate the launch of the Special Integrated Logistics Zone, a truly integrated special economic zone.
The Special Integrated Logistics Zone Spanning three million square meters, is strategically located to serve billions of potential customers in easy reach across Africa, Asia and Europe and uses technology designed to streamline the movement of goods, including best-in-class inventory systems optimized for e-commerce, providing direct linkages between investors, suppliers, customs, and government entities.
By 2030 Saudi Arabia is significantly increasing its cargo capacity to more than 4.5 million tons per annum as part of the wider transformation of the Kingdom’s logistics sector. and is also increasing the contribution of the transport and logistics sector to national gross domestic product from the current six percent to 10 percent. This will help to fuel business growth, attract inward investment, and increase the sector’s non-oil revenues to about SR 45 billion a year by 2030.
The Saudi Aviation Strategy is investing $100 billion in the Kingdom’s future, creating an unprecedented growth story, the minister noted. The Special Integrated Logistics Zone is a key enabler of these objectives and the package of incentives and regulatory mechanisms have been developed in consultation with leading international companies to ensure that the Special Integrated Logistics Zone value proposition is unmatched globally.
GACA has designed the Special Integrated Logistics Zone to respond to the needs of the world’s leading international corporations, ensuring that the world’s leading companies can have an ultra-competitive position for their base in the Kingdom. The Special Integrated Logistics Zone is a fully integrated special economic zone that integrates best practices in regulation, technology, and infrastructure from around the world
