Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

ASMO strengthens its presence in Saudi Arabia with new partnerships and headquarters


News provided by

ASMO

17 Oct, 2024, 11:20 GMT

Share this article

Share toX

Share this article

Share toX

  • 16 MoUs with leading companies to expand collaborations in the energy, chemicals, refining, industrial, healthcare, and aviation sectors.
  • Partnerships with Aramco Digital, SAP, & Oracle valued at over SAR 300 million (over USD 81 Million) to digitalize and advance the transformation of the supply chain and procurement landscape.
  • Company unveils new headquarters at the Asharqia Chamber of Commerce Tower, Dammam, Saudi Arabia

DAMMAM, Saudi Arabia, Oct. 17, 2024 /PRNewswire/ -- ASMO (Advanced Supply Management Operations), a joint venture established by DHL and Aramco through the Saudi Aramco Development Company, has signed Memorandum of Understandings (MoUs) with industry leaders and agreements with multinational technology providers to advance its vision to be a supply chain market leader in the Middle East and North Africa (MENA) region. The company launched earlier this year to meet the energy, chemical, and industrial sectors' complex end-to-end supply chain and procurement demands.

Continue Reading
This image opens in the lightbox
ASMO strengthens its presence in Saudi Arabia with new partnerships and headquarters

As Saudi Arabia's first procurement and supply chain services hub of its kind serving the region's energy, chemical, and industrial sectors, ASMO has signed 16 MoUs with industry leaders across multiple sectors, to explore value-creation opportunities and create more resilient, efficient, sustainable, and integrated end-to-end supply chain services. Also, ASMO signed agreements worth over SAR 300 million (over USD 81 Million) with Aramco Digital, SAP, and Oracle to accelerate its digital transformation and drive operational excellence across the supply chain and procurement landscape in Saudi Arabia. The signings took place at ASMO's new headquarters at the Asharqia Chamber of Commerce Tower, Dammam.

"Today, I am proud to announce our strategic partnerships that are in line with Vision 2030 objectives and contribute to the Kingdom's economic growth by creating a more resilient, efficient, and sustainable supply chain ecosystem. We aim to enable our customers to focus on their core business activities while benefiting from improved service levels, reduced carbon emissions, and enhanced operational efficiency, helping them to pursue and attain new growth opportunities. The establishment of our new headquarters at the Asharqia Chamber of Commerce Tower in Dammam and these newly concluded partnerships and MoU signings represent a defining chapter in ASMO's journey," said Salem Al Huraish, ASMO Chairman.

ASMO's strategic partnerships with leading technology providers will enable ASMO to leverage innovative technologies and solutions to optimize its supply chain services, finance, and HR operations. Through collaborations with Aramco Digital, SAP, and Oracle, ASMO will implement advanced ERP systems, procurement control towers, and B2B eMarketplace to enhance decision-making, asset utilization, and operational efficiency. These partnerships aim to streamline planning and procurement functions, automate finance and HR processes, and improve overall productivity and employee experience.

The 16 MoUs aim to identify opportunities to create value, drive efficiencies across supply chain operations, and support growth:

  • In the chemical and refining sectors, ASMO signed MoUs with Luberef, Rabigh Refining and Petrochemical Co (Petro Rabigh), Saudi Aramco Jubail Refinery Company (SASREF), Saudi Aramco Total Refining and Petrochemical Company (SATORP), and Yanbu Aramco Sinopec Refining Company (YASREF).
  • In the energy sector, MoUs have been signed with Baker Hughes, Cameron Al-Rushaid, Halliburton, Schlumberger Middle East S.A. (SLB), and Weatherford.
  • In the global manufacturing sector, MoUs have been signed with ArcelorMittal, Jubail Energy Services Company (JESCO), Tenaris, and Vallourec.
  • In the aviation and healthcare sectors, MoUs have been signed with Aloula Aviation and Johns Hopkins Aramco Healthcare (JHAH).

The new headquarters is an eight-floor, LEED-certified facility anticipated to accommodate over 1,200 employees. ASMO is focused on leveraging innovative technologies to deliver substantial value to its partners and customers, helping to drive innovation, efficiency, and sustainability in supply chain and procurement operations.

With these developments, ASMO is well-positioned to become a key player in redefining the procurement and supply chain landscape across the energy, chemical, and industrial sectors. By leveraging innovative technologies and aligning with Saudi Arabia's Vision 2030, ASMO aims to deliver substantial value to its partners and customers in the Kingdom and the wider MENA region.

About ASMO
At ASMO, our ambition is to redefine the supply chain and break free of traditional logistics and procurement barriers, giving energy, chemical, and industrial sectors the opportunity for boundless growth.

Through a joint venture between Saudi Aramco Development Company and DHL, we provide comprehensive end-to-end supply-chain services for the energy, chemical, and industrial sectors within and outside the Kingdom.

Photo - https://mma.prnewswire.com/media/2533518/ASMO.jpg

Modal title

Also from this source

ASMO Announces First Warehouse Operations Go-Live and Strategic Partnership with Aramco

ASMO Announces First Warehouse Operations Go-Live and Strategic Partnership with Aramco

ASMO, a joint venture between Saudi Aramco Development Company and DHL, yesterday announced the official launch of its operations, marking a...

More Releases From This Source

Explore

Supply Chain/Logistics

Supply Chain/Logistics

Supply Chain/Logistics

Supply Chain/Logistics

Utilities

Utilities

Oil & Energy

Oil & Energy

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.