Bahri bolsters commitment to India’s maritime sector

Abdullah Aldubaikhi, CEO of Bahri, and Ahmed Al-Ghaith, president of Bahri Logistics, at the gala dinner in Mumbai.
Updated 07 April 2019
0

Bahri bolsters commitment to India’s maritime sector

Saudi logistics and transportation company Bahri recently hosted its customers and partners at a gala dinner held in Mumbai, India, underlining the company’s commitment to strengthening partnerships and enhancing customer satisfaction and shareholder value. More than 250 senior leaders, executives and representatives from across the shipping and logistics industry in India, as well as major export-import trading companies, attended the event that took place on March 29 at The Taj Mahal Palace.
Abdullah Aldubaikhi, CEO of Bahri, said: “As one of the mainstays of India’s rapidly-growing economy, the domestic maritime logistics and shipping sector has been witnessing tremendous growth in recent years. With Bahri India, we have steadily expanded and deepened our presence in this thriving market, offering our industry-leading and technology-driven onshore and offshore services. Reflecting this robust growth, the number of voyages by our vessels serving Indian customers has risen significantly over the years.
“We would like to extend our deepest gratitude to our customers and partners in the country who have continued to be an integral part of our success story. We remain committed to stepping up our efforts toward catering to their varied and evolving needs, and will continue to build on our nearly two decades’ experience in this market to unleash its enormous potential for further growth and profitability,” added Aldubaikhi.
Delivering his keynote address at the event, Ahmed Al-Ghaith, president of Bahri Logistics, highlighted major milestones and achievements since the company established its office in Mumbai in 2017. He said Bahri India has helped the business build on its long-standing presence in the fast-growing domestic maritime industry and establish stronger and more direct relations with customers and partners in line with the company’s long-term growth strategy, which hinges on strategic industry collaborations as well as the expansion of market footprint globally.
Al-Ghaith added that Bahri’s sustained expansion into the Indian market has enabled the company to capitalize on opportunities that exist in the shipping and trade sectors to offer its value-added, high-quality logistics and transportation solutions, thereby advancing its growth and profitability.
Bahri links India with key global markets along the Arabian Gulf, Red Sea, the Mediterranean and the US through a fast and reliable liner services using its fleet of state-of-the-art RoCon vessels. The company’s services also help connect India to Africa, Latin America and the Caribbean via internationally recognized transshipment hubs.
Bahri Logistics, one of Bahri’s five business units, has been present in India since 2000, operating six multipurpose vessels on a regular liner schedule, all designed to carry project, ro-ro, breakbulk and container cargo in a single voyage.


ICD & We-Fi empower women entrepreneurs

Updated 14 min 3 sec ago

ICD & We-Fi empower women entrepreneurs

With the aim of discussing how the Islamic Corporation for the Development of the Private Sector (ICD) and the Women Entrepreneurs Finance Initiative (We-Fi) can expand their relationship and integrate the gender themes into ICD’s operations and businesses, a meeting was held between Ayman Amin Sejiny, CEO of ICD; Wendy Teleki, head of We-Fi secretariat; and Samir Suleymanov, director strategic initiatives, World Bank, at ICD’s premises in Jeddah recently. The parties discussed the development and promotion of women’s entrepreneurship through innovative sustainable solutions to increase women’s access to economic opportunities in developing countries. 

Teleki highlighted the main objectives of We-Fi, which is to support women entrepreneurs around the world through programs that provide financing, capacity building and also promote enabling environments that allow women to become entrepreneurs and grow their businesses. We-Fi uses an ecosystem approach to develop programs at the country level that will break down barriers and create more opportunities for women.

During the meeting, Ayman said: “ICD and We-Fi are working together to enhance their initiatives and mandates in supporting the female society in all ICD’s member countries. We want to ensure that our lines of finance and our relationship with the 102 directly connected financial institutions we are dealing with will further enhance the funding, training to women entrepreneurs and to provide the required necessary support to women in all our member countries.”

Teleki said that We-Fi has six implementing partners (IP) and the Islamic Development Bank (IsDB) is one of them. “IsDB, along with ICD is supporting women entrepreneurs in fragile countries. In Yemen, they have a very interesting ongoing program named BRAVE Women. They target to train up to 500 women to learn to develop business plans in fragile and high-risk contexts and up to 400 of them will get access to funding on a matching grant basis. This program aims also to develop the relationship between those women entrepreneurs with the local banks and also lead companies to make sure those women have access to finance and markets to grow their businesses. Moreover, the IsDB and ICD will be implementing soon this BRAVE Women program in two other countries to improve the women’s entrepreneurship potential in key economic sectors and we look forward to seeing those programs happening in future,” she said.

We-Fi is a global platform that seeks to support over a 100,000 women around the world in the next five years and mobilize at least $2 billion from the public and private sector for further activities.