Saudi Airlines Cargo Co.’s (SACC) operations were not affected by the COVID-19 crisis, Abdul Rahman Al Mubarak, CEO of Business Development and Commercial Affairs said, noting that it witnessed great growth due to the high demand in e-commerce.
“Saudi Arabian Logistics Co. (SAL) will invest more than SAR 1.4 billion during the period 2019-21, aiming to expand and build new shipping facilities and stations at major international airports,” Al Mubarak said, while addressing a seminar titled “Incentives and initiatives to support the transport and logistics segment”, organized by the Ministry of Investment.
The capacity of the Kingdom’s airports currently stands at about 880,000 tons annually, he pointed out, expecting it to reach 1.9 million tons annually by 2021.
Al Mubarak also expects SAL to witness steady growth in the coming years by more than 6.9%, especially with the government’s initiatives taken to enable logistics services.
He stressed the readiness of the new center at King Khalid International Airport in Riyadh to facilitate transportation work.
Meanwhile, Al Mubarak expects the SAL center to be launched in Jeddah by Q4 2020.