Ma'aden, the Saudi Arabian Mining firm, the biggest multi-commodity mining and metals firm in the Middle East, and Bahri, the National Shipping Company of Saudi Arabia and a global leader in logistics and shipping, have inked a strategic Letter of Intent (LOI).
Inked in front of Ministry of Investment personnel, this partnership intends to create commercial integration prospects between the two national heavyweights with the goal of localising the maritime sectors and building robust supply chains.
On the signing, Eng. Ahmed Ali Al Subaey, CEO of Bahri, said, "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. This collaboration emphasises Bahri’s effective and reliable offerings as the national shipping company and further strengthens our position as a global leader within this dynamic industry."
On this occasion, Bob Wilt, CEO of Ma'aden, said, "As a global exporter, access to Bahri’s extensive shipping capabilities ensures that Ma’aden can support localisation of the maritime industry in Saudi Arabia. Having worked with the Bahri team across our fertiliser 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."
Ma'aden and Bahri sign logistics partnership agreement
The partnership intends to create commercial integration prospects between the two national heavyweights. (Image source: Bahri)
