Saudi Arabia intends to invite bids for 4 projects involving the supply of equipment and services for 4 airports, the country’s Transport Minister and Logistics has said.
Saleh Al-Jassir told an investment conference in the capital Riyadh on Tuesday that these projects are among 22 new investment opportunities in the transport industry to be offered to the private sector in the largest Arab economy.
He said a Saudi strategy to develop its transport and logistics services involves the investment of at least 600 billion riyals ($160 billion), which will be channeled with the help of the private sector.
“There is 22 investment opportunities in the logistics and transport sector at present…they include 4 projects for the preparation of 4 airports in the Kingdom….these projects will be offered to the private sector,” the Minister told the 3-day meeting, which opened on Tuesday.
He noted that Riyadh has signed 6 contracts for new logistics zones over the past two years and that the Ministry’s strategy involves the creation of 59 such zones, 22 of which have been completed.
(Writing by Nadim Kawach; Editing by Anoop Menon)