The transportation and logistics industry is key for many other sectors of the economy, because at present, it is a tendency for most companies to outsource the management of distribution and logistics to supply chain professionals in order to dedicate themselves to their main activity.

With the fallout in global oil prices, Saudi Arabia is charting a new direction towards developing an economy that is non-oil dependent by announcing a bold reform in line with Saudi Arabia’s Vision 2030. Commenting on this, Fabian Boegershausen, manager at Solidiance mentions that the reform would have long-term effects on the economic structure but also yield several short-term opportunities, such as the re-tendering of logistics contracts.

At BDO Saudi we have proven experience in providing a wide variety of services to large companies in the industry. Our specific knowledge of the operation of a highly specialized sector, together with professionals committed to meeting their needs, allows us to provide optimal solutions in different areas of advice.

 

Financial specialist in transport and logistics

At BDO we have been working for transport and logistics businesses for many years and we have hundreds of clients in this sector. This is the reason you can rely on our financial expertise and are assured of insight in the latest sector knowledge. Our specialists will help you make the right choices for your organisation, whether it is a specific issue or a general overall check on your organisation. We support businesses with growth ambitions as well as businesses in dire straits that will do anything to survive.

Practical solutions for your transport business

BDO Saudi offers various practical solutions to get your business on the right track and keep it there. We can help you in areas such as:

• cost price calculations for insight into rates;
• subsequent costing for insight into revenue per vehicle;
• insight into performances by business comparisons (benchmark);
• efficient and correct payroll processing;
• control over time sheets;
• advice on working with self-employed contractors
• advice on licences, subsidies, VAT;
• any other tax advice.