Dhahran, Saudi Arabia, 17 October 2011: The 2nd edition of Saudi Transtec was opened today by the Engineer Faisal Ali Al-Zikin, Consultant & Deputy Minister for Transportation. Officially supported by the Ministry of Transportation, Saudi Transtec 2011 will be continuing till the 19th of October at the Dhahran International Exhibitions Centre.

Saudi Arabia is making great strides to establish itself as a key global transport and logistics hub. The Kingdom is currently working on building an infrastructure of multimodal transportation, making it an attractive prospect for investors.

The Saudi Arabian General Investment Authority estimates that domestic cargo demand is expected to grow by a 4-5% compound annual rate through 2020, while international flows are expected to grow at 5% and 7-8% for air and sea cargo, respectively. 

As an International Transportation, Materials Handling, Warehousing & Logistics Exhibition and Conference, Saudi Transtec 2011 is set to provide an interactive platform for exploring the progress within a sector that has earned revenues of $13.78 billion in 2010 according to a report by Frost & Sullivan.

"We are very pleased to see a great achievement and 110% growth this year in Saudi TRANSTEC from the first day of the exhibition with 1598 registered attendees. 86 companies from 19 countries around the world such as Bahrain, The United Arab Emirates, Lebanon, China, Germany, and Belgium proudly participated this year."

The exhibition has grown 110% compared to last year, with exhibitors from 19 countries coming from Asia, Europe and the Middle East. The participating industries at the exhibition include Freight, Shipping, Aviation, IT, Ports, Cargo, Railways, Materials Handling Equipment and Service Providers.

Dr. Bandar Al Jabri, CEO of Al Jabri Logistics, associate sponsor of Saudi Transtec 2011 stated, 'Knowing that the Kingdom is witnessing growth in the transport and logistics sector, supply is enabling excellent investment opportunities for global corporations and local companies that have an interest in the sector, the need for a strategically located transportation & logistics event is imperative'.

A pinnacle aspect part of this year's conference is the participation and presentation by the Council of Saudi Chambers as a participant and presenter. 

Mr Mohammed Bin Abdulrahman Al-Manie, Chairman of the National Transport Committee, Council of Saudi Chambers chaired the opening Session of the Conference. Speakers on the panel used their experiences to address both the Kingdom's and Bahrain's challenges in logistics and weigh the various systems, uncovering ways of eliminating operational inefficiencies.

Paul Kinsella, Regional Operations Manager, CHEP Middle East; Pieter Spaarwater, Chief Operating Officer, Hala Supply Chain Services; and Naeem Ahmed, Solutions Architecture Manager, Council of Saudi Chambers debated solutions for optimizing warehousing processes and overcoming supply chain challenges to curtail unnecessary increases in costs, with risks minimized.

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Saudi TRANSTEC - http://www.sauditranstec.com/
Saudi Transtec is the first and only Saudi Arabian Logistics Conference & Exhibition to be held in the Eastern Province. Saudi Transtec 2011 comprises of both an exhibition and conference. The event has been set up to provide the Transport, Logistics, Materials Handling and Warehousing sectors in Saudi Arabia, with an exhibition and conference they can participate in and network at. Officially supported by the Ministry of Transport, SAUDI TRANSTEC 2011 provides the ideal environment for local, regional and global companies to benefit from the continued growth and focus on Saudi Arabia's transport and logistics sector. Several companies from different parts of the world are participating at the exhibition and industry leaders will take the stage at the conference sharing their insights and expertise.

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© Press Release 2011