The Saudi Ports Authority (MAWANI), the General Authority of Civil Aviation (GACA), and the Zakat, Tax and Customs Authority (ZATCA) have inked a Memorandum of Understanding (MoU) to enhance air-sea logistics connectivity.
The agreement was signed at the GACA Headquarters in Riyadh by the EVP for Economic Policies and Logistics Services, Awad AlSulami, as well as Abdullah Al-Funtukh, ZATCA’s Vice Governor for Trade Facilitation and Customer Experience Sector, and Abdullah AlMunif, Vice President for Commercial Business at MAWANI.
The three-party deal aims to upgrade the Kingdom’s logistics, customs services and boost the nation’s foreign trade along with its economic development.
This is reportedly done by integrating freight operations at air and sea terminals, simulating cargo transportation scenarios to address any underlying challenges, and leveraging the country’s strategic geographical position.
The MoU also seeks to strengthen collaboration and coordination between public sector entities through a common framework designed to facilitate knowledge and resource transfer, achieve shared objectives, and synergise efforts to transform Saudi Arabia into a global logistics hub in accordance with Vision 2030 ambitions.