Negotiations to implement Riyadh-Jeddah land bridge reaches advanced stages

Saudi Gazette report

RIYADH — Negotiations on the implementation of the land bridge initiative linking Riyadh and Jeddah have reached superior levels, the Nationwide Industrial Growth and Logistics Program (NIDLP) has revealed.

Chatting with Al-Eqtisadiah newspaper, NIDLP’s CEO Sulaiman Al-Mazrou acknowledged that negotiations with worldwide corporations that may perform the undertaking have been advancing.

He identified that work on the land bridge would start as soon as particulars within the settlement have been clarified and negotiations accomplished.

NIDLP additionally seeks, with the related authorities, to attach industrial cities with Saudi ports through railway.

The CEO indicated that the primary part of linking industrial cities to ports will embrace the second industrial metropolis in Dammam and the economic metropolis in Sudair.

Al-Mazrou famous that the NIDLP goals to develop logistics providers within the Kingdom by linking jap, western and northern Saudi Arabia with Riyadh.

As for the 59 logistics facilities affiliated with the grasp plan for logistics facilities introduced in August 2023 by thCrown Prince and Prime Minister Mohammed bin Salman with the goal of creating Saudi Arabia a worldwide logistical hub, Al-Mazrou mentioned NIDLP labored with related authorities businesses to finish 21 facilities to this point.

He added that work is now underway with regional authorities and the personal sector to ascertain 38 different logistics facilities, with the goal of finishing them by 2030.

Al-Mazrou indicated to Al-Eqtisadiah that there’s an intention to extend the variety of particular financial zones by working with the Financial Cities and Particular Zones Authority (ECZA).

Every particular zone has its personal specificity and serves the event of a selected sector, he mentioned.