Agreement signed at the headquarters of SAMI in Riyadh
The Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), recently signed a logistics services agreement with Bahri, a global leader in logistics and transportation.
Under the terms of the agreement, Bahri will provide wide-ranging internal and external logistics services, including sea, air, and land transport, as well as freight services to the various business units and affiliated companies of SAMI.
The agreement was signed at the headquarters of SAMI in Riyadh by Eng. Walid Abukhaled, CEO, SAMI, and Eng. Abdullah Aldubaikhi, CEO, Bahri. The contract includes the provision of complete door-to-door logistics and transportation services to facilitate the smooth execution of the projects and programs of SAMI and its affiliates, besides supporting the localization of defense logistics.
“The agreement demonstrates the Kingdom’s dynamic efforts to develop its military industries and logistics sectors,” asserted Eng. Abukhaled.
“Bahri is honored that our contributions are aimed at ensuring Saudi Arabia’s security, especially in our role as the exclusive logistics provider for the Kingdom’s Ministry of Defense, Ministry of Interior as well as the Presidency of State Security and all its divisions,” observed Eng. Aldubaikhi.
Though the agreement presently covers the Saudi market, the two companies are working to expand its scope to include the global defense and logistics sector in the future.