Saudi Aramco announced on Monday a new end-to-end procurement and logistics hub joint venture with logistics firm DHL Supply Chain.
The new venture, which is expected to be operational in 2025, aims to provide top-notch integrated procurement and logistics services to further enhance supply chain efficiency as well as sustainability in the region, Aramco noted in a press release.
The JV, which the company said is the first-of-its-kind hub, will provide reliable and sturdy end-to-end services to customers within the industrial, energy, chemical, and petrochemical sectors.
“This partnership brings together two industry leaders, each with long and storied histories,” said Aramco President and CEO Amin Nasser.
By combining the exceptional energy, chemicals and industrial supply chain ecosystem of Aramco with the shipping and logistics expertise of DHL, Nasser said they aim to enable the procurement and logistics hub joint venture to serve as a one-stop hub for customers’ supply chain needs.
DHL Supply Chain CEO Oscar de Bok added: “By working in partnership with Aramco, we aim to provide regional and multinational businesses from these sectors access to a robust international logistics network, fostering positive economic growth while promoting sustainable activities.”
