ASMO Logistics, a joint venture of DHL and Saudi Aramco, has signed 16 memoranda of understanding (MoUs) with various companies to strengthen cooperation in energy, chemicals, refining, manufacturing, healthcare, aviation, and supply chains across the Middle East and North Africa.
The partnerships, worth over 300 million riyals (about $80 million), aim to digitize and develop the supply chain and procurement sectors in Saudi Arabia, collaborating with firms like Aramco Digital, Oracle, and SAP.
Salem Al-Huraish, Chairman of ASMO, highlighted that these partnerships will boost economic growth by creating a more flexible and efficient supply chain.
He noted that ASMO helps clients focus on their core business while benefiting from superior services, reducing carbon emissions, and improving operational efficiency.
ASMO plans to use innovative solutions to enhance supply chain services, financial operations, and human resource management through these partnerships.
The company will also establish procurement monitoring towers and create an online marketplace to aid businesses in making better decisions and improving productivity.
The MoUs will focus on building capabilities and fostering growth across various sectors. In chemicals and refining, ASMO has partnered with companies like Luberef and Petro Rabigh.
In energy, partners include Baker Hughes and Halliburton. For manufacturing, ASMO collaborates with ArcelorMittal and others.
Additionally, the company has signed MoUs with Aloula Aviation and the Johns Hopkins Aramco Healthcare Center in the aviation and healthcare sectors.
