Value of Saudi logistics sector to reach SR67.5bn by 2015

Updated 11 January 2015

Value of Saudi logistics sector to reach SR67.5bn by 2015

Saudi Arabia’s logistics sector is poised for further significant expansion in 2015.
According to industry experts, the value of the local industry is expected to reach SR67.5 billion during this year.
Saudi Arabia’s thriving sector is reflective of the entire GCC’s flourishing industry.
In 2013, GCC countries secured the biggest number of logistics contracts in the whole of the Middle East thanks largely to significant investments, high consumer spending and rapid economic growth.
For 2015, logistics sector in the GCC region is expected to achieve a 6.9 percent growth rate.
In line with the positive projections, Ramatan Exposition and Conference together with Riyadh Exhibitions Company (REC) are organizing the second Trans 4 Saudi Arabia Exhibition, a leading Saudi exhibition and forum for Railways, Metro, Stations, Buses, Contracting and Services, from Jan. 25 to Jan. 28, at the Riyadh International Convention and Exhibition Center (RICEC).
The event will showcase a wealth of current and future opportunities in the Kingdom and other GCC states. The show is a key initiative designed to help further the rapidly expanding local and regional sectors.
During the four-day event, an extensive array of the latest products, equipment, technologies, solutions and services from leading companies and biggest organizations will be put on display.
As the largest marketplace for transport, logistics and freight in the Kingdom, it will cover numerous areas including air freight, integrated transportation modes, courier services, air, land and sea transportation, combined transportation systems, electronic data interchange systems, Enterprise Resource Planning (ERP) systems, e-services, distribution services, free zone equipment and services, and insurance companies and services, among others.
The prestigious exhibition will serve as an ideal platform for industry peers to network with each other and explore business opportunities to boost the local and regional sectors.
It will also offer key government decision makers, transportation bodies, port authorities and industry professionals the opportunity to announce initiatives, formulate strategies, discuss up-to-the-minute case studies and exchange information on global best practices.


SABIC eyes methanol plant in Russia’s far east

Updated 15 October 2019

SABIC eyes methanol plant in Russia’s far east

  • SABIC has signed an initial agreement with Russian interests to build and operate a methanol plant in the country’s far east
  • The installed capacity of the proposed plant in the Amur Region is expected to be up to two-million tons of methanol

LONDON: SABIC has signed an initial agreement with the Russian Direct Investment Fund (RDIF) and ESN Group, to build and operate a methanol plant in the country’s far east.
The deal was struck on the sidelines of the Russian President’s visit to the Kingdom.
The installed capacity of the proposed plant in the Amur Region is expected to be up to two-million tons of methanol.
“This is an important milestone in our global growth strategy, which is formulated around competitive feedstock and capacity to innovate and plan strategically,” said Yousef Al-Benyan, SABIC Vice Chairman and CEO.
“We plan to maintain our strategic partnership with the Russian market by continuing to focus on meeting customer needs, increasing our key customer base, and growing our commercial operation.”
Riyadh-headquartered SABIC is the region’s biggest petrochemical company with operations worldwide. It has been rapidly expanding its global footprint over the last year as it pushes into new markets and higher value products.