Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) signed a memorandum of understanding (MoU) with Hyundai Heavy Industries.
The agreement revolves around cooperation in the field of mega data and technological innovation in the transport and logistic services sectors.
The deal set up the framework for the cooperation to make a joint feasibility evaluation of launching new projects and supporting current ones, according to a bourse filing.
Bahri added that the MoU will be valid for six months and could be renewed after the consent of both parties.
In February, Bahri had signed a renewable two-year agreement with Saudi Railway Co (SAR) to provide logistics services.
