Riyadh – Sharikat Mubasher: Saudi Investment Minister Khalid Al-Falih said that Saudi Arabia is seeking to bolster the role of private entities in the logistics and transport sector through various initiatives, including a new investment law.

The Minister made those statements during the Global Logistics Forum (GLF24) in Riyadh, adding that the Saudi government plans to appoint private operators to manage four airports in the Kingdom in the coming months.

Al-Falih highlighted that the Madinah airport, the Kingdom’s most efficient, is managed by a private operator under a long-term concession, while King Abdullah Port, built with no government capital expenditure, is also privately operated.

He said: “In the coming months and years, you will see continued privatization, with four airports entering the market. This is just the beginning.”

Enhancing the operations of seaports and airports is vital for Saudi Arabia as it aims to establish itself as a strategic regional hub and logistics gateway spanning three continents.

Al-Falih also emphasized that Saudi Arabia’s entrepreneurial landscape is favorable, and the new investment law is attracting significant investments in logistics and transport.

Notably, the Kingdom approved an updated investment law last August, aiming to enhance foreign direct investment.