Description: Join Saudi Transport and Mobility Summit taking place on 3 - 4 September 2024 in Riyadh. Email [email protected] to learn more.
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A recent report revealed that the transportation sector is a significant contributor, accounting for 33.33% of global energy consumption, trailing only behind the industrial sector. To combat this, ongoing efforts are focused on implementing price controls and enhancing efficiency, aiming to slash the Kingdom’s annual transport emissions growth rate from its historical 7% down to 3% by 2030.
It projects that by 2030, carbon dioxide emissions from transportation will soar to 184 million tons.
The Saudi Arabian government is ambitiously restructuring the transport and logistics sectors to accommodate expected economic and population growth. The National Transformation Programme (NTP) and the National Industrial Development and Logistics Programme (NIDLP) outline comprehensive reform plans. These plans entail a government investment exceeding SR500 billion ($133.3 billion) in port, airport, rail, and other critical infrastructure developments through 2030.