RIYADH: Saudi Arabia has jumped 17 ranks in the World Bank’s Logistics Performance Index (LPI) for 2023, Minister of Transport and Logistic Services Saleh Bin Nasser Al-Jasser announced Saturday.
The jump up the rankings was achieved within the support and empowerment of Crown Prince Mohammed Bin Salman, Al-Jasser said.
He confirmed that the system will continue, through the directives of Saudi Arabia’s leadership, to move forward to consolidate the Kingdom’s position as a global logistic hub, in accordance with the national strategy for transportation and logistics services, Saudi Press Agency reported.
The Ministry of Transport and Logistic Services said Saudi Arabia’s progress on the index by 17 ranks was achieved within less than 2 years from the launch of the national strategy for transportation and logistics services.
The Ministry added it will move forward with confident steps toward an unprecedented prospect to develop the sector and achieve its goals.
The LPI measures the logistical suitability of 155 countries, as it consists of qualitative and quantitative measures and helps to create data files on suitability in those countries.
