Aramco has signed a Memorandum of Understanding with Dammam Airports Company (DACO) to explore the establishment of a fully integrated ecosystem that can serve the needs and support of Aramco and its subsidiaries, subcontractors, affiliate for their logistics and cargo facilities.
The collaboration will also entail support by DACO to companies registered in Saudi Aramco’s iktva program and facilitation of their onboarding to King Fahad International Airport (KFIA) cargo village for establishing their operation hubs. In addition, it will explore growing the passenger traffic and cargo business through KFIA by attracting new airlines.
The signing ceremony took place at Dhahran North Park complex, and Aramco was represented by Mohammad Al-Shammary, vice president of Procurement and Supply Chain Management, and Mohammed Al-Mansour, DACO Chairman.
Al-Shammary commented, “This agreement will contribute to the realization of one of the major aspirations of Saudi Vision 2030, namely becoming a global logistics hub by increasing the private sector participation, and expanding the cargo and logistics operation at KFIA.”
Al-Mansour remarked: “The signing of this memorandum is parallel with objectives of the civil aviation sector in the National Strategy for Transport and Logistics Services which has been launched recently which aims to position the Kingdom as a global logistics hub connecting three continents and improve all transport services in support of Saudi Vision 2030”. He added “This initiative will mark the start of DACO’s and Aramco’s drive to elevate the upcoming future of flight traffic development, cargo business and business opportunities in the Eastern Province”.
Major logistics center
DACO CEO Fahad Al-Harbi added: “King Fahd International airport has access to many competitive ingredients to be a major logistic hub in the kingdom, especially with accommodating the first Cargo Village in KSA.
“DACO is fully committed to activate this agreement by working closely with Aramco on conducting the necessary researches and cases studies to create a smart eco-system toward supporting Aramco and its’ subsidiaries”.
Manager of Materials Logistics Department Mohammed Al-Mahri noted: “The signing of this agreement converges the strategic interests of both Saudi Aramco and DACO, while reinforcing Saudi Aramco’s effort to optimize the company supply chain. It will help strengthen the logistics and freight activities between both parties by identifying new business opportunities thanks to our unique iktva program”
Caption of top photo: Mohammad Al-Shammary is joined by Mohammed Al-Mansour as they sign the MOU.