Bahri, formally known as the National Shipping Co. of Saudi Arabia, has signed two initial agreements with Greek maritime firms Dynacom and SeaTraders, reads an official release.
Both deals are effective for one year, according to a statement.
Avenues to transfer technology and services
The agreements will assist the firms’ existing capabilities and establish avenues to transfer technology and services.
“With the signing of these two significant agreements, Bahri has taken yet another major leap toward improving the operational efficiency of our fleet and further establishing our organization both regionally and globally,” CEO of Bahri Ahmed Ali Alsubaie said.
During the Saudi Greek Investment Forum, representatives from governments and the private sector finalized a variety of investment deals, valued at over SR15.2 billion ($4 billion).
This comes as both countries seek to further bolster commercial relationships.
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