New Market Research Report: Saudi Arabia Freight Transport Report Q2 2013

The outlook for the Saudi Arabian freight transport sector is sanguine indeed. The government stimulus package continues to make itself felt through increased consumer confidence which is driving up container volumes at the Kingdom's ports. This in turn will boost road haulage volumes. Total tonnage volumes at Saudi ports are also undergoing strong growth, and will be supported over the medium term by the massive house-building programme that is getting underway. The country is well supported by a growing fleet of dry and liquid bulk tankers which continues to expand through company mergers and vessel acquisitions, and the national air carrier, Saudia, has been generating strong revenue and volume growth. Specific investments in expanding the Kingdom's maritime facilities, and in projects such as the Saudi Landbridge and the North-South railway, coupled with strong economic growth on the back of large oil receipts, will further boost freight volumes.

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Full Report Details at
- http://www.fastmr.com/prod/584556_saudi_arabia_freight_transport_report_q2_2013.aspx?afid=301
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Headline Industry Data

* Total Saudi Arabian trade set to increase 1.5% in 2013 in real terms, with imports growing 5.0% and exports contracting by 2.0% as oil production decreases. Real trade growth will average 1.4% to 2017.
* Air freight volumes set to grow 8.5% in 2013, to reach 716,710 tonnes. Growth to 2017 to average 8.5% per annum.
* 2013 Jeddah Islamic Port total tonnage throughput growth forecast 8.8%, and to average 7.9% per annum to 2017.
* 2013 rail freight volumes forecast to grow by 8.5% in 2013 and to average 8.5% over our forecast period.

Key Industry Trends

GCC Railway Moving Forward: BMI notes that the GCC railway is gradually moving closer to becoming a reality, as a feasibility study has been scheduled for the first quarter of 2014. A number of internal railways are already under development, with the links between the networks needed to make it a panregion exercise.

Saudia's Volume Reaches 516,000 Tonnes In 2012: These new services in key emerging markets will enable Saudia to have another record year. The company posted a record volume of 516,000 tonnes in 2012 owing to a strong economic growth in Saudi Arabia. The airline also recorded a 21% year-on-year (y-o-y) increase in revenue in the reported period. The airline's volume from Europe, the UAE and Bangladesh jumped 47%, 51% and 72% respectively in 2012, according to the company's CEO Fahad Hammad.

Shipping Services Return To Dammam: With the Ramadan-induced congestion at the Saudi Arabian port of Dammam having eased, container-shipping companies began returning to the port in January, having been forced to reroute through Bahrain in the intervening period. This will have caused dismay to the Khalifa bin Salman Port (KBSP) in Bahrain, which had benefitted as a result of the disruption.

Key Risks To Outlook

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