RIYADH — Minister of Transport Eng. Saleh Bin Nasser Al-Jasser received at the Ministry’s headquarter office here Tuesday an official economic delegation from German business leaders led by Niko Warbanoff, chairman of the Board of managing directors DB Engineering & Consulting GmbH.

The other members of the team inculded Hans-Christian Freiherr Von Reibnitz, deputy head of mission since 2018, 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 Yasser Al Misfer, minister's advisor and head of marketing and communications department.

Al-Jasser stressed the ministry’s keenness to raise the level of the services provided in partnership with the private sector in high advanced technical standards that contributes in adapting and implementing the global experiences of smart transportation systems on the Kingdom roads.

He added, 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 strong and attractive assets for investments in the transportation system.

The minister reviewed the promising opportunities in transportation system, which will have the greatest impact in increasing the volume of economic exchange between the two countries, and the vital role that the private sector can play in developing economic relations between Saudi Arabia and Germany.

Moreover, they discussed the advantages of the supported economic and investment opportunities announced by the Kingdom to foreign investors within the Kingdom's strategic Vision 2030.

Finally, Al-Jasser 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, in order to ensure the achievement of Vision 2030 goals to be a Logistics Hub connecting the three continents in enhancing the economic development and competitiveness at global level. — SG