Retail
Subscription
Advertise
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LIL Awards UAE 2023
    • LIL Summit KSA 2023
    • LIL Awards UAE 2022
No Result
View All Result
LogisticsGulfNews.com
No Result
View All Result

Bahri -Suez Canal Authority come together for the joint venture cooperation establishment

by Kevin Vaz
March 22, 2023
in Maritime, Transport

MoU seeks to create a joint Egyptian shareholding company aimed at delivering maritime transport services

Bahri -Suez Canal Authority joint venture
Bahri Signs MoU with Suez Canal Authority

Driven by its commitment to exploring regional cooperation horizons to achieve its growth objectives and enhance its global position, Bahri, the national shipping company of the Kingdom of Saudi Arabia and a global leader in transportation and logistics, has signed a non-binding renewable six-month agreement with the Suez Canal Authority, an independent general Egyptian Authority responsible for the canal facility’s affairs, a key global shipping lane.

The cooperation lays the foundation for creating a joint Egyptian shareholding company to provide industry-leading maritime transportation services in the Egyptian market.

The agreement was signed by Eng. Mohammed Bin Battal, President of Bahri Dry Bulk and Eng. Jamil Al Sayyed Abul Khair, Board Member at Suez Canal Authority, in the presence of H.E. Admiral Osama Rabie, Chairman of the Suez Canal Authority; H.E. Eng. Ahmed Ali Alsubaey, Chief Executive Officer of Bahri; and Badr bin Ibrahim Al-Badr, the Undersecretary of the Ministry of Investment for Communication with Investors.

Under the terms of the MoU, the two parties will discuss the potential of owning, leasing, hiring, and operating ships to transport general goods, including dry bulk, chemicals, oil, petroleum products, and liquefied gas, to meet the demands of the local market.

H.E. Admiral Osama Rabie, Chairman of the Suez Canal Authority, affirmed the signing of the MoU, stating: “Our agreement with Bahri falls in line with our mission to maintain and enhance the Suez Canal for the benefit of operators and regional markets. We look forward to working in tandem with industry leaders to deliver effective, sustainable solutions that benefit the Suez Canal and the people it serves.”

H.E. Eng. Ahmed Ali Alsubaey, CEO of Bahri, said: “We are proud to cooperate with the Suez Canal Authority to create a framework to explore successful potentials. The Suez Canal is positioned as a pivotal waterway that has allowed for the seamless transport of consumer goods and commodities from Asia and the Middle East to Europe. Our agreement with the Suez Canal Authority underlines Bahri’s commitment to collaboration in order to deliver industry-leading maritime transport solutions.”

Established 152 years ago, the Suez Canal Authority is a government agency that owns the Suez Canal and all buildings and assets assigned to the waterway. The authority is responsible for the operation and maintenance of the canal, ensuring a safe passageway for traveling ships and overseeing projects related to the Suez Canal.

Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!

Tags: AgreementEgyptSuez Canalsuez canal authroityWater
ShareTweetShareSend

Related Posts

Qatar Airways Touches Down in Yanbu, Its Eighth Connection in Saudi Arabia
Airlines

Qatar Airways Touches Down in Yanbu, Its Eighth Connection in Saudi Arabia

December 7, 2023
Al-Futtaim Logistics Launches Aerospace Logistics division in the UAE
Airlines

Al-Futtaim Logistics Launches Aerospace Logistics division in the UAE

November 27, 2023
Dronamics and Aramex to partner on cargo drone deliveries globally
Air Cargo

Dronamics and Aramex to partner on cargo drone deliveries globally

November 16, 2023
ADNOC Drilling and Alpha Dhabi to Establish Strategic Partnership
News

ADNOC Drilling and Alpha Dhabi to Establish Strategic Partnership

November 14, 2023
Please login to join discussion

Search

No Result
View All Result

Recent News

Qatar Airways Touches Down in Yanbu, Its Eighth Connection in Saudi Arabia

Qatar Airways Touches Down in Yanbu, Its Eighth Connection in Saudi Arabia

December 7, 2023
Dubai Holding Announces participation At COP28 As Principal Pathway Partner

Dubai Holding Announces participation At COP28 As Principal Pathway Partner

December 1, 2023
Dubai Airports achieves sustainability milestone – cutting waste to landfills by 60%

Dubai Airports achieves sustainability milestone – cutting waste to landfills by 60%

December 1, 2023

LogisticsGulfNews.com, the niche media portal designed for the industry, is deeply committed to representing, serving and promoting the interests of the logistics and supply chain businesses in the region

Recent News

  • Qatar Airways Touches Down in Yanbu, Its Eighth Connection in Saudi Arabia
  • Dubai Holding Announces participation At COP28 As Principal Pathway Partner
  • Dubai Airports achieves sustainability milestone – cutting waste to landfills by 60%

Contact Us

For Editorial Opportunities
editor@logisticsgulfnews.com

For Advertising Opportunities
info@logisticsgulfnews.com

AARYA Media FZC LLC
A- 5805-189, Business Club
Ajman Media City.
P.O Box 29127
Phone: +971 4 368 8464
Ajman- United Arab Emirates

  • About Us
  • Advertise
  • Subscription
  • Contact Us

©️ 2021 Logistics Gulf News. All rights reserved

No Result
View All Result
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LIL Awards UAE 2023
    • LIL Summit KSA 2023
    • LIL Awards UAE 2022

©️ 2021 Logistics Gulf News. All rights reserved