The National Shipping Company of Saudi Arabia (Bahri) and Saudi Electricity Company (SEC) signed a Memorandum of Understanding (MoU) for a period of five years, appointing Bahri to transport all the equipment, tools, spare parts and products imported from outside by SEC.
The MoU, signed by Engr. Ibrahim Al-Omar, CEO of (Bahri) and Engr. Ziad Al-Shiha, CEO of (SEC), aims to support strategic resettlement of projects for electrical industries and exchange of experiences between the two companies to provide appropriate work environment. This may also contribute to the implementation of government plans to promote domestic industries in light of the overall economic boom in the Kingdom of Saudi Arabia at all levels in recent years.
According to the MoU, which was signed at SEC headquarters, a joint working group comprising a number of specialists and experts from the two companies will be formed to study the ever strengthening and organizing cooperation between them and to put in plans needed to implement the strategies of Bahri and SEC for an effective transportation and in the resettlement of electrical industries.
Integrated logistics services for the marine, land and air transportation will be provided as stipulated in the MoU. SEC will nominate Bahri to offer its services to those who deal with suppliers and contractors from internally and externally in accordance with the high reliability of Bahri.
SEC revealed in May its strategy to localize electrical industries in the Kingdom through three major initiatives based on stimulating local contractors and manufacturers, and highlight investment opportunities in the promotion of spare parts and materials industries locally.