GASCO, Company to facilitate the transportation of industrial gases to customers across Saudi Arabia
Bahri recently announced the signing of a Memorandum of Understanding (MoU) with National Gas and Industrialization Co. (GASCO), a leading provider of Liquefied petroleum gas (LPG) services which include transportation and filling of both butane and propane gases.
Under the new agreement, both parties will explore cooperative means to establish a company that provides land transportation and logistics services that would help enhance the distribution network of LPG within the Kingdom.
“Leveraging the expertise of both of our companies, we are delighted to begin forming a company that will provide industry-leading services and embodies operational excellence,” explained Eng. Soror Basalom, President, Bahri Logistics.
Public Investment Fund (PIF), the largest sovereign wealth fund in the world, is a major shareholder in the MoU between Bahri and GASCO.
Established in 1978, Bahri Group is one of the world’s foremost logistics and transportation companies, playing a leading role in the transformation and growth of the global transportation industry, a press communique concluded.
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