Saudi PIF may create logistics giant to rival UAE’s DP World
Gulf countries have moved quickly to reconfigure their logistics and shipping operations in an efforts to work around the Strait of Hormuz blockade
GIUSEPPE CACACE/AFP via Getty Images
Ras al-Khair port, north of Dammam in Saudi Arabia's eastern province
Saudi Arabia’s Public Investment Fund is considering consolidating its portfolio of shipping, ports and rail assets into a logistics giant that can attract foreign investment and strengthen and reshape its trade corridors following the upheaval of the Iran war. ...