Amidst evolving global trade dynamics, Saudia Cargo and China Cargo Airlines recently signed a Memorandum of Understanding (MoU) at the World Cargo Symposium, forging a strategic alliance to enhance trade between Saudi Arabia and China.
The partnership aims to optimize export operations, provide advanced logistics services, and capitalize on growing global market demands, aligning with Saudi Vision 2030 and China’s Belt and Road Initiative, ensuring resilient supply chains in today’s interconnected world.
The MoU establishes a framework for enhanced collaboration, with both parties committed to strengthening interline cooperation, building upon existing and future SPA agreements. This includes joint marketing and promotional activities, the execution of joint marketing strategies, and a focus on harmonizing cargo service operations, pricing, and the provision of specialized cargo handling for sensitive goods.
“This MoU with China Cargo Airlines represents a significant milestone for Saudia Cargo. We are setting our sights on elevating shipping capabilities and broaden our export footprint in the Chinese markets,” affirmed Loay Mashabi, CEO and Managing Director, Saudia Cargo.
“By optimizing export operations and delivery advanced logistic services that cater to evolving global market demands, we are confident that this partnership will not only strengthen our position as a leading global cargo carrier but also contribute significantly to the realization of Vision 2030,” he added.
Seamless collaboration
“To ensure the effective execution of this MoU, we will establish an executive team comprised of representatives from both organizations, fostering seamless collaboration and driving impactful results,” stated Wang Jianmin, President, China Cargo Airlines.
China stands as Saudi Arabia’s primary merchandise trading partner, with exports reaching SAR 16.1bn in 2023, representing 17% of the Kingdom’s total exports. This underscores the increasing importance of this trade corridor and the potential for further growth, a press statement concluded.
