Move to explore collaboration opportunities in Saudi Arabia
Bahri has signed a strategic Letter of Intent (LOI) with Ma’aden (the Saudi Arabian Mining Company), the largest multi-commodity mining and metals company in the Middle East.
This collaboration, inked in the presence of representatives from the Ministry of Investment, aims to establish business integration opportunities between the two national giants aiming to localize the maritime industries and develop resilient supply chains.
“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,” asserted Eng. Ahmed Ali Al Subaey, CEO, Bahri.
“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,” affirmed Bob Wilt, CEO, Ma’aden.
“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.
