Bahri, the National Shipping Company of Saudi Arabia and a prominent global leader in logistics and maritime transport, has entered into a strategic Letter of Intent (LOI) with Ma’aden, the Middle East’s largest multi-commodity mining and metals corporation. This agreement marks a significant step towards deepening the collaboration between two of Saudi Arabia’s most influential companies.
The signing ceremony, attended by officials from the Ministry of Investment, underscores the importance of this partnership in advancing Saudi Arabia’s economic diversification goals. By exploring potential business integration opportunities, Bahri and Ma’aden aim to play a pivotal role in the localization of the Kingdom’s maritime industries. This initiative aligns with Saudi Vision 2030, which emphasizes the development of resilient and self-sustaining supply chains as a cornerstone of the nation’s economic strategy.
The collaboration is expected to bolster Saudi Arabia’s standing as a leading global logistics hub. By leveraging Bahri’s extensive shipping and logistics expertise, the partnership will enhance the efficiency and reach of Ma’aden’s supply chains, thereby supporting the growth of the Kingdom’s mining and metals sectors on a global scale.
Eng. Ahmed Ali Al Subaey, CEO of Bahri, expressed his enthusiasm for the partnership, stating, “We are excited to join forces with Ma’aden, one of the world’s fastest-growing mining companies. This partnership not only highlights Bahri’s capabilities as the national shipping carrier but also reinforces our position as a global leader in the maritime sector. Together, we will contribute to the Kingdom’s ambitious goals by integrating our operations and delivering world-class services.”
Bob Wilt, CEO of Ma’aden, echoed these sentiments, emphasizing the strategic value of the collaboration. “Gaining access to Bahri’s extensive shipping network is a significant advantage for Ma’aden. It will enable us to support the localization of the maritime industry within Saudi Arabia, unlocking new opportunities for growth and innovation. This partnership is a testament to our commitment to contributing to the Kingdom’s long-term economic objectives.”
Through this strategic alliance, Bahri and Ma’aden are set to create a powerful synergy that will not only enhance their respective operations but also drive the development of Saudi Arabia’s broader industrial and economic landscape.
