Bahri, a global leader in logistics and transportation, had recently announced signing off a Memorandum of Understanding with the Saudi Arabian Mining Company (Ma’aden), a global rapid-growing firm and a major multi-commodity mining and metals firm in the Middle East.
The agreement comes as part of Bahri’s continuous efforts for robust logistics sector ties, in the service of the national economy. According to the MoU, Bahri and Ma’aden will explore cooperation across various fields, including the chartering cargo ships for transportation of the ammonia gas, dry transport requirements, and other areas the two firms will agree to collaborate on in the future.
At a ceremony on the sidelines of the Future Minerals Forum held in Riyadh from 11-13 January 2022, in the presence of Eng. Abdullah Aldubaikhi, CEO of Bahri, and Eng. Abdulaziz bin Askar Al-Harbi, CEO of Ma’aden, the agreement was signed between Eng. Mohammed Bin Battal, President of Bahri Dry Bulk, and Mr. Anas Albassam, Vice President of Commercial and Market Development Phosphates at Maaden.
Regarding the agreement between the two firms, Eng. Abdullah Aldubaikhi, CEO of Bahri commented and stated: “As a company committed to contributing to Saudi Arabia’s maritime goals set out in Saudi Vision 2030, Bahri sees this agreement with Ma’aden as an essential step towards bolstering the Kingdom’s raw materials trade. The strategic partnerships being forged with national companies such as Ma’aden in the next few years will prove the most fruitful for our long-term growth and stability, both regionally and internationally.”
The inaugural Future Minerals Forum connected global policymakers with investors and business leaders across the mining value chain and its supporting industries. The forum aimed to advance the mining goals of countries across the Middle East, Central Asia, and North and East Africa.
One of the world’s largest owners and operators of VLCCs and the Middle East’s one of the largest owners and operators of chemical tankers, Bahri owns and operates a total of 90 vessels, including 42 VLCCs, 33 chemical and product tankers, 6 multipurpose vessels, and 9 dry-bulk carriers.