Al-Sukait Tackles Investors’ Contribution

Fahd al-Sukait of the Council of Economic and Development Affairs has discussed with officials in the National Logistics Committee at the Council of Saudi Chambers (CSC), on Wednesday, the condition of investors in logistic services and suggestions to boost this sector and its contribution in the public sector.   This comes amid expectations that the sector grows in 2018 up to 17-22 percent.    The meeting discussed programs that contribute in reinforcing logistic services within the plan to stimulate the private sector, programs to support SMEs and plans to qualify and train the Saudi youths. It also tackled plans to saudize and attract Saudi youths to this sector.   The two sides discussed the role of chambers of commerce and the Local Content Unit in highlighting both the risks and upsides of this decision, and how to address any challenges in this regard to make jobs in the sector sustainable.   Sukait stressed importance of associative strategy between the public and private sector, which achieves economic growth, contributes in accomplishing the Saudi Vision 2030 and reduces unemployment.    He directed the Local Content Unit to submit the five main challenges to the logistics sector so as to address them as soon as possible and elevate the sector’s performance.   Saud al-Nefaei, head of National Logistics Committee at the Council of Saudi Chambers, said to Asharq Al-Awsat during a phone-call that “work is ongoing so that the logistics sector becomes a system linked with many related sectors whether transportation, storage, customs and others."    Nefaei noted that the sector is witnessing a mounting growth, expecting the logistics sector growth to range between 17-22 percent during 2018.