ASMO Announces Strategic Partnership with Aramco for 15-year Procurement and Logistics Hub Services Agreement

Jan 14, 2025•6 months ago

Contract Type

partnership

DammamSupply Chain ManagementOil And GasEnergy

Description

ASMO, a joint venture between Saudi Aramco Development Company and DHL, has announced a strategic milestone with the official launch of its operations and a 15-year Procurement and Logistics Hub Services Agreement with Aramco, marking a significant step toward building a resilient logistics network.

Company Information

Company

ASMO (Advanced Supply Management Operations)

Location

Dammam, Eastern Province, Saudi Arabia

About

ASMO (Advanced Supply Management Operations) is a joint venture established by DHL and Aramco through the Saudi Aramco Development Company. It aims to be a supply chain market leader in the Middle East and North Africa (MENA) region, catering to the energy, chemical, and industrial sectors' complex end-to-end supply chain and procurement demands.

Agreement Insights

Based on industry data

Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

Contract momentum indicator

Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

ASMO Announces Strategic Partnership with Aramco for 15-year Procurement and Logistics Hub Services Agreement

Description

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Agreement Insights

Company Information