PSA BDP Announces Full Ownership of Established Offices in Saudi Arabia
PSA BDP, a leading provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, has announced full ownership of all PSA BDP office locations in Saudi Arabia. Initially established as a joint venture with Yusuf Bin Ahmed Kanoo Co. Ltd (Kanoo) in 2011, the operations will now operate as a 100% PSA BDP owned entity.
As a result of the successful 12-year partnership with Kanoo, PSA BDP established several offices in the region, beginning with BDP Kanoo International Co. Ltd in 2011 in Dammam, followed by Jubail in 2016, and Riyadh and Jeddah in 2018. The full ownership of BDP Kanoo International Co. Ltd was approved by the Saudi Minister of Commerce in Riyadh on March 22, with new Articles of Association signed and a new Board of Directors appointed.
The new legal entity is BDP International Logistic Services Co. and will fall under the PSA BDP umbrella.
The PSA BDP Saudi Arabia organization offers a wide range of services to diversified customers in the region, including those in the Chemical & Petrochemical, Oil & Gas, Energy, Consumer Goods & FMGC, Retail, Healthcare & Life Sciences, and Perishables industries.
The scope of services includes:
Ocean Freight (NVOCC)
Air Freight (IATA Agent)
GCC Overland Freight
Project & Heavy Lift
Customs, Trade Compliance
Warehousing & Distribution
Port+ & Connectivity
Rail & Inland Transportation
Supply Chain Orchestration
“As a result of our established presence in the region and years of building relationships with our customers, our name is synonymous with expertise and innovative supply chain solutions,” said Fikret Ersoy, Managing Director – Middle East, Türkiye, Africa, PSA BDP. “The Kingdom of Saudi Arabia has been a strategic country and a catalyst for our future growth in the region and globally. Operating as a 100% PSA BDP owned entity will accelerate our exponential growth, help us to diversify our services and products, industry verticals, business model, and invest further in KSA. On behalf of the organization, we extend our gratitude and appreciation to Yusuf bin Ahmed Kanoo for their partnership with us over the years. We had the opportunity to collaborate with a reputable and esteemed entity in our respective industries. This partnership served as a testament to our shared commitment to excellence, innovation, and growth.”
Source: PSA BDP