King Abdullah Port looking to collaborate rather than compete says CEO
The GCC region has the potential to become a global trade hub, and to do this port operators and other stakeholders in logistics need to collaborate says Rayan Mustafa Qutub, CEO, King Abdullah Port.
“Given the strategic location of the Middle East at the heart of east-west connectivity there is definitely a need for a global logistics hub,” he told Logistics Middle East. “In addition, there is significant growth in East Africa and a young population in the Arabian Gulf that will drive local growth.”
But in order to take full advantage of these factors, port operators and other leaders in the logistics industry must collaborate to achieve the ‘master plan’ he said.
“There is a need for greater coordination between the stakeholders in the industry, we need to collaborate on the master plan and this is ongoing,” he said. “We’re in touch with all the big players and are looking to compliment rather than compete.”
Saudi Arabia is looking to transform its logistics industry through the Vision 2030 plan, which aims to reduce the country’s dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism.
See our video interview with Qutub: