Supply chain

Saudi Arabia has witnessed a 3.3 percent increment in non-oil exports during the first quarter of 2024, propelled by a notable surge in re-export activities, as reported by the General Authority for Statistics. The national non-oil exports saw a slight decline of 5.2 percent, yet re-exported goods experienced a substantial jump of 31.5 percent in the same timeframe. The Kingdom...

The Saudi Arabian aviation sector is poised for an upgrade with the integration of artificial intelligence (AI) in its supply chain management, according to a leading industry executive. At the inaugural day of the Future Aviation Forum in Riyadh, Suliman Almazroua, the CEO of the National Industrial Development and Logistics Program, spoke of how AI will not only streamline logistics...

Saudi Arabia's emerging logistics company, MDD, has successfully completed a Series A funding round, trading 5% of its equity for a company valuation of $26 million (SAR100 million). Established in 2019, MDD is at the forefront of offering innovative supply chain solutions tailored for the business sector. The young enterprise, headquartered in Riyadh, recently made an announcement regarding the conclusion...

Saudi Arabia is at the forefront of pioneering reforms aimed at advancing innovation in procurement and supply chain management across diverse industries, as reported at a recent industry forum in Riyadh. The Chartered Institute of Procurement & Supply’s MENA Conference spotlighted the crucial role of supply chain security, local content enhancement, and the refinement of governmental procurement expenditures in fostering...

Anticipation is high among Saudi real estate entities as a significant gathering in Riyadh aims to bolster connections within the supply chain, enabling industry leaders to unite and establish meaningful collaborations. Endorsed by the housing minister, Majid bin Abdullah Al-Hogail, the National Housing Co. is set to inaugurate the Real Estate Supply Chain Forum on May 20-21 at the JW...

Riyadh is poised to be at the forefront of procurement and supply chain discussions as it prepares to welcome over 35 global experts at a prestigious conference. The CIPS MENA Conference and Excellence in Procurement Awards, organized by the Government Expenditure and Projects Efficiency Authority, is scheduled for May 16 at the Hilton Riyadh Hotel and Residences, reinforcing Saudi Arabia's...

As a commercial vessel embarks on a voyage from Saudi Arabia's Ras Tanura to Tokyo Bay, it's not simply a carrier of goods. This ship is a conduit for a vast sea of data, channeled among an intricate web of stakeholders and sophisticated technological frameworks.Take Maersk as a prime example. This titan in container shipping and logistics boasts a global...

Saudi Arabia has showcased a resilient economic performance, with an impressive average growth rate of 4 percent over the past seven years. Bolstered by a forward-thinking approach and a conducive business climate, the Kingdom's trajectory aligns with its transformative Vision 2030, which aims to diversify the economy away from oil dependency and create a dynamic society.Attracting foreign direct investment (FDI)...

The United Arab Emirates-based company Kibsons stands out in the fresh produce market for its commitment to innovation. Since its establishment in 1980, Kibsons has been a prominent player in the distribution of fresh fruits, vegetables, and meats, while also pioneering the adoption of technology to boost operational efficiency and customer satisfaction. The company's CEO, Halima Jumani, has been pivotal...

The Swiss-based automation giant Swisslog has announced its participation in the upcoming Saudi Smart Logistics 2024. This major gathering, forming part of the Riyadh International Industry Week 2024, is set to take place from May 6-9 and will converge over 16,000 industrial and logistics leaders from around the globe in Riyadh. Swisslog is set to highlight its state-of-the-art AutoStore robotic...