05/03/2020 – News / Transportation / Saudi Arabia / KSA / Investment / Business / Transport / Germany
German business leaders visit KSA to explore opportunities in the Kingdom's transport sector
The Saudi Minister of Transport, H.E. Saleh bin Nasser Al-Jasser, has met with an official delegation of German business leaders to explore the most promising opportunities in Saudi Arabia’s transport sector. The meeting took place at the received at the Ministry’s headquarters in Riyadh.
The delegation from Germany included Mr Niko Warbanoff, Chairman of the Board of Directors at DB Engineering & Consulting GmbH, Mr Hans-Christian Freiherr Von Reibnitz, Deputy Head of Mission since 2018, Mr Johann Erich Wilms, President of Wilms Group and Chairman of the German Near and Middle East Association, alongside numerous other bosses of German companies involved in the transportation sector.
The meeting was attended by Dr Rumaih Al-Rumaih, Chairman of the Public Transport Authority, Dr Bashar Al-Malik, CEO of the Saudi Railways Company (SAR) and Mr Yasser Al Misfer, the Minister's Advisor and Head of the Marketing & Communications Department.
Driving the evolution of smart transport systems
H.E Al-Jasser stressed the Ministry’s keenness to raise the level of the services provided – in partnership with the private sector – to a highly advanced technical standard, in order to contribute to the evolution of smart transportation systems on the Kingdom’s roads.
The Minister reviewed the promising opportunities for investing in KSA’s transportation system, which he said would have considerable impact in increasing the volume of economic exchange between the two countries. He also stressed the vital role that the private sector’s enagement in the burgeoning transportation industry could play in developing economic relationships between Saudi Arabia and Germany. He went on to discuss the advantages of the supported economic and investment opportunities announced by the Kingdom to foreign investors within the Strategic Kingdom's Vision 2030.
Vision 2030: KSA as global logistics hub
Finally, H.E pointed out the importance and competitive advantage of the Kingdom's economic and geographical location in relation to transportation opportunities. He also stressed the Ministry's role in co-ordinating the work of the Kingdom’s transportation system – supporting the planning and supervision of the sector’s legislation regarding land, sea and air transport sectors, in pursuit of the Vision 2030 goal for the Kingdom to become a logistics hub, connecting three continents and enhancing the country’s global competitiveness.