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 Saudi Arabian Mining Company (Ma’aden) that will see the duo explore collaboration opportunities, thus playing a crucial role in localising maritime sector.

 

This collaboration, inked in the presence of representatives from the Ministry of Investment, aims to establish business integration opportunities between the two national giants. 

 

"We are delighted to work together with Ma'aden, one of the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East, remarked Engineer Ahmed Ali Al Subaey, the CEO of Bahri.

 

"This collaboration emphasizes Bahri’s effective and reliable offerings as the national shipping company and further strengthens our position as a global leader within this dynamic industry," he stated.

 

Bob Wilt, the CEO of Ma'aden, said: "As a global exporter, access to Bahri’s extensive shipping capabilities ensures that Ma’aden can support localization of the maritime industry in Saudi Arabia."

 

"Having worked with the Bahri team across our fertilizer business in recent years, we are confident that this collaboration will open up new growth opportunities across other areas of our business while continuing to support the national economy," he added.-TradeArabia News Service