Saudi Arabia and Germany to enhance transportation system and economic relations
Updated: Feb 28, 2020
His Excellency Saudi Minister of Transport, Eng. Saleh bin Nasser Al-Jasser, received at the Ministry's headquarter office in Riyadh on Tuesday, February 25th, 2020, an official economic delegation from German business leaders presented by Mr Niko Warbanoff, Chairman of the Board of Managing Directors D.B. Engineering & Consulting GmbH, Mr Hans-Christian Freiherr Von Reibnitz, Deputy Head of Mission since 2018, Mr Johann Erich Wilms, President of Wilms Group and Chairman of German Near and Middle East Association and other Heads of German Companies involved in the Transportation sector to see the most promising opportunities in various Kingdom's transport sector.
The meeting was attended by Dr Rumaih Al-Rumaih, Chairman of the Public Transport Authority, Dr Bashar Al-Malik, CEO of the Saudi Railways Company "SAR" and Mr Yasser AL Misfer, Minister's Advisor and Head of Marketing and Communications Department.
H.E Al-Jasser stressed the Ministry keenness to raise the level of the services provided in partnership with the private sector in high advanced technical standards that contributes in adopting and implementing the global experiences of smart transportation systems on the kingdom roads; this comes in line with the stage of transformation that the Kingdom's transportation system is witnessing in investments management, participation and provision of opportunities for investors and specialized companies and International Banks in managing durable and attractive assets for investments in the transportation system.
H.E. reviewed the promising opportunities in transportation system, which will have the most significant impact in increasing the volume of economic exchange between the two countries, and the vital role that the private sector can play in developing commercial relationship between the Kingdom of Saudi Arabia and the Federal Republic of Germany, Moreover, discussed the advantages of the supported economic and investment opportunities announced by the Kingdom to foreign investors within the Strategic Kingdom's Vision 2030.
Finally, H.E. pointed out the importance and competitive advantage of Kingdom's economic and geographical location, in addition to the Ministry's participation in coordinating the work of the Transportation system and supporting the legislation of the sector and all its planning and supervision of the Kingdom's land, sea and air transport sectors, to ensure the achievement of Kingdom's vision 2030 goals to be a Logistics Hub connecting the three continents in enhancing the economic development and competitiveness at global level.
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