RIYADH: A leading business house of Saudi Arabia, Almajdouie Group, and Sinotrans Ltd. of China have signed an agreement to operate a joint venture logistics company in Saudi Arabia. The joint company, named as Almajdouie Sinotrans Middle East, will operate in the areas of customs clearance, heavy oversized cargo handling and inland transportation services.
“Both groups were working together for past three years in Saudi Arabia and successfully completed the project logistics management including customs clearance, heavy oversized cargo and inland transportation services by moving equipment for five cement production lines of Sinoma International Engineering Co. Ltd. in Saudi Arabia and providing quality service by delivering over 500,000 freight tons cargo to the site,” said Abdullah Al-Majdouie, vice president of Almajdouie Group, while speaking on the occasion of the signing ceremony.
Sinotrans President Zhang Jianwei and Vice President Tao Suyun attended the signing ceremony. Al-Majdouie said: “This JV will be the leader in logistics industry with a goal to have strong presence in Middle East and North Africa (MENA) region, bringing the best quality services to its customers.
Spelling out the details of the new joint venture operation, Al-Majdouie said that the Almajdouie Sinotrans Middle East will set up the main office in Saudi Arabia and offer project cargo handling, transportation and project logistics services. “It will gradually move toward GCC and other Middle East countries, while expanding its operation in a qualitative manner,” he added.
Almajdouie Group, a company established in 1965, is leader in supply chain management and third party logistics services, offering general transportation, heavy/oversized transportation and engineering including lifting and erection, project forwarding, terminal handling, silo management, warehousing & distribution management, product packaging operations, equipment & maintenance, international freight forwarding, documentation/import, export and transit clearance contract logistics and tours and travel.
