Market Report, "Saudi Arabia Freight Transport Report Q4 2010", published

Oct. 20, 2010 - PRLog -- The modest trade recovery in Saudi Arabia will have an impact on the freight transport sector. BMI forecasts that Saudi Arabia's total real trade will grow by just 0.36%, after contracting by an estimated - 9.26% in 2009. The economy is largely based on oil and demand is still subdued. At one of the nation's main ports, the Jeddah Islamic Port (JIP) set to grow by just 0.1% in throughput year on year (y-o-y), after volumes through the port fell by -10.47% in 2009. Air freight which grew 6% in 2009 will only grow 2.4% in 2010. Rail freight tonnes which were up 9.5% in tonnes year-on year are expected to grow only 3.7% in 2010.

The Kingdom is trying to develop its economy away from oil and the Ninth Five-Year Development Plan approved by the Council of Ministers in early August has been allocated SR1.44tn (US$35bn) for various infrastructure and welfare projects. This amount is 67% more than the previous plan. Transportation and telecommunications will receive 7.7% of this amount and economic resource development 15.7%.

Economy and Planning Minister Khaled Al-Gosaibi said the five-year plan was prepared in line with a long-term strategic vision aimed at achieving sustained development. The private sector is expected to grow by 6.6% annually while non-oil sectors by 6.3% and investment 10.4%.

Air freight infrastructure will be boosted by the plan approved in July to expand King Abdulaziz International Airport in Jeddah that will allow three million tons of cargo to be handled each year.

Saudi Arabia's rail freight transport network is set for a boost by the end of 2010 with the launch of the North-South Railway, which will ferry minerals from the planned phosphate and bauxite mining projects along its 2,400-km route. The Saudi Landbridge is due for completion in 2014. This will offer freight opportunities for the transport of containers between the country's main container ports, Jeddah and Dammam, passing though the Kingdom's capital of Riyadh. The new rail lines not only link Gulf Cooperation Council (GCC) countries with the Kingdom but it can also connect Saudi Arabia with Europe via Jordan, Syria and Turkey. Estimates of how much freight will actually travel on these routes in 2010 and over the forecast period could change.

Road haulage will also benefit from a proposed motorway from the Saudi border with the UAE to Abu Dhabi and will link with the new railways.

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Report Table of Contents:

Executive Summary
SWOT Analysis
- Saudi Arabia Freight Transport Industry SWOT
- Saudi Arabia Political SWOT
- Saudi Arabia Economic SWOT
- Saudi Arabia Business Environment SWOT
Market Overview
- Inter-Modal And Logistics
- Air
- Road
- Rail
Industry Trends And Developments
- Logistics And Multi-Modal
- Road
- Rail
- Air
- Maritime
Oil Products Price Outlook
- Table: Oil Product Price Data And Forecasts, 2010 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2007-2014 (US$/bbl)
Industry Forecast
- Air
- Table: Air Freight
- Rail
- Table: Rail Freight
- Maritime
- Table: Maritime Freight
- Trade
- Table: Trade Overview
- Table: Key Trade Indicators
- Table: Main Import Partners
- Table: Main Export Partners
Company Profiles
- National Shipping Company of Saudi Arabia (NSCSA)
- Saudi Arabian Airlines (SAA)
BMI Methodology
- How We Generate Our Industry Forecasts
- Transport Industry
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.