Question

how improving logistics performance will reduce production and trading costs and give comparative advantage to Saudi Arabia ?

Answer 1

To promote the continuous growth in the trade market of whole world, logistic has an important role. Logistic handles all the commercial activities, In each and every sectors, logistic plays an important role. Improving logistic performance are very useful for declining the various nature of cost. Imrovement in logistics activities leads to less loss of goods in transit, so it leads to low trading cost, due to less damage of goods, company has not borne extra production cost, which are beneficial for the development of counrty.

Saudi Arabia is going to make their country as a big logistic hub upto 2030, country is going to take an effective step to make strong logistic portal in the world. Logistic is necessary in every trade practices, so in order to promote economic activities in country, Saudi Arabia is taking a progressive step to make an effcient logistic hub.