Saudi Arabia’s re-exports reached SAR 61 billion in 2024, marking a 23% increase compared to the previous year, according to Minister of Industry and Mineral Resources, Bandar Alkhorayef. Speaking at the sixth Supply Chain and Logistics Conference in Riyadh, the minister attributed this growth to robust infrastructure, advancements in logistics services and integrated efforts across government entities.
“The development of the logistics sector and the strength of supply chains are key enablers for enhancing the competitiveness of Saudi industry, improving access to global markets for national products, reducing costs for industrial investors, and attracting high-quality investments to the country,” Alkhorayef said during the opening panel.
He stressed that Saudi Arabia’s geographic location, natural resources, competitive energy pricing and investments in digital infrastructure make the nation a prime logistics hub. “Global challenges in recent years present promising opportunities for Saudi Arabia to build major logistics hubs that enhance the connectivity and strength of supply chains,” he said.
The minister highlighted the broader strategic vision of making Saudi Arabia a regional and international export hub, particularly in sectors like automotive, shipping, food, pharmaceuticals and consumer goods. Industrial investors, he noted, aim to position Saudi Arabia beyond meeting domestic demand by leveraging its logistics capabilities for global export.
Alkhorayef also pointed to infrastructure achievements, such as the logistical connection between Wa’ad Al-Shamal, Ras Al-Khair, and Jubail Industrial City, which has significantly boosted the industrial and mining sectors. “Exports of the Saudi Mining Company ‘Ma’aden’ reached SAR 7 billion, and the Kingdom became the fourth-largest exporter of phosphate globally,” he added.
The minister reiterated Saudi Arabia’s role as an attractive destination for international investment, driven by its competitive advantages and ongoing initiatives under Vision 2030 to strengthen its position in the global supply chain.
