24.03.2023 • NewsDHLLogisticschemicals

Aramco and DHL Plan Saudi Logistics Hub

Saudi Aramco and DHL Supply Chain have signed an agreement to set up a new procurement and logistics hub in Saudi Arabia. The facility would be the first in the region to cater to customers in the industrial, energy, chemical and petrochemical sectors.

© Aramco
© Aramco

“By combining the exceptional energy, chemicals and industrial supply chain ecosystem of Aramco with the world-class shipping and logistics expertise of DHL, we aim to enable the procurement and logistics hub joint venture to serve as a one-stop hub for customers’ supply chain needs,” said Aramco president and CEO Amin Nasser.

The facility is expected to be operational in 2025, providing end-to-end integrated procurement and supply chain services, such as purchasing, warehouse and inventory management, transportation and reverse logistics. It will initially focus on Saudi Arabia, but aims to eventually expand across the Middle East and North Africa.

The companies, which have worked together over several years, said they expect their joint venture to enable businesses to reduce costs, maximize efficiency and harness digitalization. They did not disclose the size of their stakes in the proposed venture, which is subject to regulatory approvals and other customary closing conditions.

Author: Elaine Burridge, Freelance Journalist

Free Virtual Event

Vaccine Manufacturing
Bioprocess Forum

Vaccine Manufacturing

Join global experts and innovators for a two-day virtual event exploring the latest breakthroughs and best practices in vaccine manufacturing. Discover how new technologies and process innovations are shaping the future of vaccine production, safety, and scalability.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

most read

Photo
21.03.2025 • News

What’s Next for Pharma Supply Chains?

Sudden shifts in demand, supply shortages and global collapse have put immense pressure on pharmaceutical logistics. To address these challenges, PHARMAP 2025 brings together industry experts to discover AI-driven supply chain optimisation, strategic logistics partnerships and digital solutions that enhance efficiency and resilience in the pharmaceutical supply chain.

Photo
27.03.2025 • News

J&J to Invest $55 Billion in US Operations

US healthcare giant Johnson & Johnson (J&J) has unveiled plans to invest over $55 billion in the US over the next four years. This significant investment marks a 25% increase compared to the previous four years, the company said.