Arab News, Wednesday, Aug 18, 2021 | Muharram 9, 1443
SAMI and Bahri sign localization deal for defense industry logistics
Saudi Arabia:
Saudi Arabian Military
Industries (SAMI) and Bahri, the Kingdom’s national shipping carrier, have
agreed a deal for wide-ranging logistics services, including sea, air, and land
transport, as well as freight services for the various business units and
affiliated companies of SAMI.
The contract includes the provision of complete
door-to-door logistics and transportation services for SAMI, supporting the
localization of defense logistics.
Launched in May 2017 and wholly owned by the
Public Investment Fund, SAMI is a military-industries company working in the
fields of aeronautics, land systems, weapons and missiles, defense electronics,
and emerging technologies.
“The shared objectives of SAMI and Bahri in
relation to Vision 2030 will have a major impact on the synergies within the
Kingdom’s defense ecosystem,” said Walid Abukhaled, CEO of SAMI.
“This agreement [is] in line with the Vision 2030
objectives that aim to transform the Kingdom into a global logistics hub and a
thriving investment destination,” Abdullah Aldubaikhi, CEO of Bahri.
Under the agreement, SAMI’s five business
divisions, as well as its affiliates will make use of Bahri’s logistics
services.
The agreement presently covers the Saudi market,
but the two companies are working to expand its scope.