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Fuelled by demand, manufacturing activities, and investments, the horizon of the country s logistics industry looks "promising" for 2024, though Red Sea might cast a shadow of global supply disruptions and push up freight costs.
Not just the market tailwinds, the government s key initiatives
Saudi Arabia's Dammam port to get integrated logistics zone arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Efficiency becomes particularly salient when applied to logistics. For logistics, efficiency translates into reduced costs, which have far-reaching implications for a country s economy. Lower logistics costs mean more efficient trade and transportation, reducing consumer prices and heightened business productivity. Countries with streamlined logistics can gain a competitive advantage in the global market, making their products and services more attractive due to lower costs.