As the world's largest exporter of crude oil, Saudi Arabia has always based its economy on this type of revenue, such that half of the country's GDP is made up of revenues from the sale of oil. seeks to play a role in the international world, the important point is that the reason for this targeting is for a country that does not need income other than the sale of oil and is in a favorable situation in terms of income ;
The first reason that can be found by studying the country's vision document is the high unemployment rate (11.6%) in this country, which the Saudi government intends to reduce to 7% within 7 years.
One factor in achieving this goal is playing a role in international corridors.
The second reason is to aim to achieve the 35% share of small and medium enterprises in the country's GDP, which, again, logistics-related companies can play an important role in this area.
The third reason is the diversification of income in this country. The Saudis realized that dependence on oil and gas could harm the country's economy.
They thus mentioned this issue in their vision document for 2030 and hope to increase their rank in the Logistics Performance Index (LPI) from 49 to 25 and play a role as a determining country in international corridors.
How can Iran and Saudi Arabia cooperate in international corridors?
On March 19, 2022, Iran and Saudi Arabia normalized diplomatic relations after intense negotiations, which could lead to logistical cooperation between the two countries as trade shipments between the CIS countries and Saudi Arabia would transit through Iran.
The creation of this corridor can have economic, security and social benefits for both Iran and Saudi Arabia, and contribute to peace and lasting, tension-free relations between the two countries.
These transit cooperations can contribute to the economic development of the parties and prevent abuses and influence of countries like America in the region.
Currently, Saudi Arabia alone has about $1.6 billion in trade with Russia, and the Iranian route is one of the most sought-after routes for the transit of these goods. Additionally, both countries can act as a transit hub for trade. countries in the region and increase this logistical cooperation.
The recent transit between Russia and Saudi Arabia via Iran is an example of this transit cooperation.
The mentioned container arrived in Bandar Abbas after entering through the Inchebron border and by rail transport, then it was sent to Saudi Arabia by sea transport.
This action can be considered a successful example of joint transit cooperation between Iran and Saudi Arabia.