Bahri Logistics, the integrated logistics arm of Bahri, the national shipping company of Saudi Arabia, signed a Memorandum of Understanding (MoU) with Red Sea Global, the developer of regenerative tourism destinations, aims to expand their existing partnership and explore new opportunities for strategic logistics collaboration.
Red Sea Global, an existing client of Bahri Logistics, is the developer behind these tourism destinations. The MoU signifies the evolution of their long-standing relationship into a broader framework for long-term cooperation.
Under this agreement, the two organisations will explore opportunities to expand their partnership, and support Red Sea Global’s evolving operational and project requirements, as well as its Vision 2030.
Mohammed Alsinan, Vice President, Bahri Logistics, said, “Our relationship with Red Sea Global reflects the value of working very closely with our clients to understand their evolving requirements and support their long-term ambitions.”
“We pride ourselves in being a strategic partner across our clients’ logistics operations, and this MoU provides a framework through which we can build on our successful existing relationship, explore new logistics opportunities, and develop integrated solutions that create long-term value for both of our organisations.”
Raed Albasseet, Group Chief Environment and Sustainability Officer, Red Sea Global, said, “As we continue to develop and operate regenerative tourism destinations, efficient and resilient logistics are essential to delivering exceptional experiences at scale. We look forward to exploring integrated solutions with Bahri Logistics that create lasting value for both organisations.”
The MoU was signed during the official launch of the Bahri Logistics Bonded Zone at Jeddah Islamic Port, a strategic logistics hub designed to provide customers with integrated bonded storage, customs facilitation, and value-added logistics services.
The newly launched Bahri Logistics Bonded Zone will play an important role in enabling Bahri Logistics to support increasingly complex customer supply chains.
By improving the movement, storage, and processing of goods, the Bonded Zone will help customers increase supply chain efficiency, enhance operational flexibility, and access the Kingdom’s domestic and regional markets through one of Saudi Arabia’s most important maritime gateways.
The MoU aligns with the objectives of Saudi Vision 2030 and the National Transport and Logistics Strategy by contributing to the development of advanced logistics infrastructure, facilitating trade, and enhancing the efficiency and resilience of supply chains throughout the Kingdom.
