Bahri, the National Shipping Company of Saudi Arabia and a global leader in logistics and shipping, has signed a strategic Letter of Intent (LOI) with Ma’aden, the largest multi-commodity mining and metals company in the Middle East.
This collaboration, witnessed by representatives from the Ministry of Investment, seeks to explore business integration opportunities that will play a crucial role in localising the maritime industries and contributing to the Kingdom’s economic diversification objectives.
Read More: Bahri Lays Cornerstone for Logistics Center at Jeddah Islamic Port
By establishing resilient supply chains, the partnership is set to further strengthen Saudi Arabia’s position as a global logistics hub.
Eng. Ahmed Ali Al Subaey, CEO of Bahri, remarked: "We are thrilled to collaborate with Ma'aden, one of the fastest-growing mining companies globally. This partnership underscores Bahri’s effective and reliable offerings as the national shipping company, further solidifying our position as a global leader in this dynamic sector."
Bob Wilt, CEO of Ma'aden, added: "Access to Bahri’s extensive shipping capabilities ensures that Ma’aden can help localise the maritime industry in Saudi Arabia, unlocking new growth opportunities."
Read More: Bahri Logistics and GDC Middle East Sign Freight Forwarding MoU