Saudi Arabia Develops Legislations for Land, Sea, Rail Transport in the Red Sea
Business
Riyadh - Asharq Al-Awsat
Saudi Arabia's Public Transport Authority (TGA) has signed a memorandum of understanding with the Red Sea Development Company (TRSDC) to develop the region's legislative and regulatory environment for land, sea, and rail transport. TGC Chairman Rumaih al-Rumaih said Monday that they were looking forward to developing the transport sectors in the Red Sea region through cooperation and joint work. He said that the two sides would create the legislative and regulatory environment to provide services according to the best international standards and models through the use and employment of modern technology to raise the level of quality and upgrade transportation options in the Red Sea. Rumaih said that the agreement supported the objectives of the national strategy for transport and logistics services in developing services, improving the experience of beneficiaries, and contributing to raising the quality of life in Saudi cities and regions. The agreement develops opportunities for innovation, technical cooperation, promotes investment, and keeps pace with the latest global developments in the transport industry in line with the Kingdom's economic and social goals. CEO of TRSDC John Pagano said that the goal was to connect the Red Sea destination in the best possible way using a fleet of smart vehicles to support sustainability goals in land, sea, and air transportation. The agreement will adopt future and modern transportation technology and allow the two parties to exchange expertise regarding the economic zone in the Red Sea. It will also enable them to hold workshops on modern transportation services, provide a suitable environment for investors in transportation and logistics services, and cooperate in new and smart mobility. Meanwhile, the TRSDC announced that it has successfully implemented the first wave of Enablon modules on a journey to integrate, automate and streamline Governance, Risk Compliance, Health and Safety, Environment and Sustainability, Business Continuity, and Internal Audit practices across the organization. Wolters Kluwer's Enablon was selected based on its industry-leading position as a provider of integrated software solutions. The project was initiated in January 2021. After a lengthy design and consultation process lasting 15 months, the team launched the integrated solution. Pagano stated that the journey began at the height of the global pandemic to integrate several risk and control functions. He explained that the main objective was to enhance monitoring, reporting, and alignment across the multiple functions involved in delivering standard-setting health and safety practices, with manpower exceeding 16,000 TRSDC employees and contractors. The CEO also stated that TRSDC established a committee that oversaw the progress and implementation of the solution in cooperation with management consultants Ernst & Young, Wolters Kluwer as the software provider, and Wipro as the implementation consultant. Vice President and Managing Director with Wolters Kluwer Enablon Laurent Dechaux pointed out that Enablon Vision Platform offers TRSDC a full 360-degree view of risk, addressing the Environmental, Health, and Safety challenges of the project. Ernst & Young announced that the TRSDC was a pioneer in conceptualizing the alignment between its risk and controls functions, utilizing the strength of Enablon to bring together Governance, Risk Compliance, Health and Safety, Environment and Sustainability, Business Continuity, and Internal Audit. Throughout the 15-month implementation period, the priority was to ensure TRSDC requirements were met, focusing on future adoption and value.
from Asharq AL-awsat https://english.aawsat.com/home/article/3599756/saudi-arabia-develops-legislations-land-sea-rail-transport-red-sea
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