The Kingdom of Saudi Arabia has realized a new achievement in the transport and logistics system after advancing 17 places in the global Logistics Performance Index (LPI) issued by the World Bank.
Among 160 countries, the Kingdom has advanced to the rank 38th in the World Bank’s Logistics Performance Index after achieving wide leaps in performance efficiency through several sub-indicators, most notably the indexes of Logistics Competence and Quality, Tracking and Tracing, Timeliness, Customs, Infrastructure, and International Shipments.
Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, stated that such progress had been achieved due to the support and empowerment of HRH Crown Prince Mohammed bin Salman Al Saud.
In this regard, the Minister highlighted the ambitious goals of the National Transport and Logistics Strategy, which HRH Crown Prince has recently launched, and the broad structural reforms and qualitative strategic initiatives it includes.
Mr. Al-Jasser indicated that strategies employed in the sector have had a significant impact and have radically transformed the transport and logistics system, profoundly enhancing its operational efficiency across every sector’s performance in accordance with international indicators, and has enhanced the Kingdom’s position as a global logistics hub.
The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. The 2023 LPI for the first time measures the speed of trade with indicators derived from big datasets tracking shipments.
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