Newly created company aims to drive supply chain efficiencies in procurement and logistics for the energy, chemical and industrial sectors
Aramco, one of the world's leading integrated energy and chemicals companies, and DHL Supply Chain (DHL), global leader in contract logistics, have formed a joint venture company, ASMO (Advanced Supply Management Operations); a new Procurement and Logistics Services Hub in Saudi Arabia.
Salem Al Huraish, Chairman of ASMO, commented: "We have formed ASMO, with the vision to establish sustainable solutions for the modern supply chain challenges we all face. In forming this strategically powerful alliance, which harnesses Aramco's energy ecosystem and DHL's logistics expertise, we are intent on creating value by driving efficiencies and enhancing the reliability of supplies, making them less vulnerable to disruptions, while focusing on sustainability and lowering carbon emissions."
Wail Al Jaafari, Aramco Executive Vice President of Technical Services, said: "This is an exciting day for Aramco, for DHL, and for everyone working to build a brighter future for our region. We're launching ASMO with an ambitious vision for it to become a market leader in Saudi Arabia and the wider MENA region offering world class, comprehensive, end-to-end supply chain services that would create value for its customers and enhance the resilience of their supply chain. ASMO will not only work on advancing the economic interests of Aramco and DHL, but it plans to also help accelerate growth across the industrial sector of Saudi Arabia and the MENA region, while supporting the Kingdom's 2030 vision of becoming a global logistics hub."
Oscar de Bok, DHL Supply Chain CEO, emphasized the transformative power of the joint venture: "By uniting the expertise of DHL Supply Chain and Aramco in this new joint venture we aim to break free from traditional procurement and logistics constraints, responding to the evolving dynamics of global supply chains. ASMO is the region's first hub providing a comprehensive and integrated end-to-end supply chain service offering for businesses in the energy, chemical and industrial sectors. ASMO plans to redefine the way these companies will pr ocure, store and transport goods and services within, to and from Saudi Arabia and the wider MENA region, seeking to drive efficiencies, cost savings and economies of scale."
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