According to Tasnim, Iran and Saudi Arabia have the potential to improve their cooperation in the field of international transportation routes. This cooperation is significant considering the close trade ties between Saudi Arabia and the Russian Federation, with trade valued at approximately $1.6 billion. Additionally, Saudi Arabia’s bilateral shipping route is regarded as one of the most efficient among countries.

Due to its heavy reliance on oil exports, Saudi Arabia derives half of its internal income from this sector. However, the country is now seeking to diversify its economy and is looking to participate in international transportation routes. In March 2023, Iran and Saudi Arabia normalized their relations after intense negotiations, and this presents an opportunity for both countries to enhance their logistics cooperation.

The Iranian Agency highlights the potential economic, security, and social benefits that can arise from improved relations between Iran and Saudi Arabia. This collaboration has the potential to generate mutual cooperation between the two countries, benefiting both Iran and Saudi Arabia. Furthermore, this ongoing cooperation could also facilitate the entry of similar countries, such as the United States, into the market.

Moreover, Iran and Saudi Arabia have the ability to play a crucial role in regional security and expand their collaboration in the logistics sector. By harnessing their combined strengths, these countries can contribute significantly to regional stability and economic growth.

According to news from Armenia, the cooperation between Iran and Saudi Arabia in the field of international transportation routes holds great promise. This partnership has the potential to boost bilateral trade between the two countries and pave the way for the involvement of other nations, such as the United States. It also offers opportunities for both Iran and Saudi Arabia to enhance their logistics capabilities and strengthen regional security. With their shared objectives and potential benefits, it seems that Iran and Saudi Arabia have a promising future in their collaboration.