Saudia Cargo, TAM Group sign JV deal to set up Saudia Cargo Global

Saudia Cargo announced a joint venture agreement with TAM Group, its long-standing partner in China.

"The collaboration establishes Saudia Cargo Global, a dedicated entity based in Hong Kong, designed to serve as Saudia Cargo's dynamic command centre for Greater China, Asia-Pacific (APAC) and beyond. This move significantly enhances Saudia Cargo's commercial reach, service capabilities, and customer engagement in one of the world's most vital trade and logistics markets," says an official release from Saudia Cargo.

By leveraging Hong Kong's position as a thriving cargo hub with immense potential to facilitate trade, particularly amidst the continued e-commerce growth, Saudia Cargo Global will seamlessly link businesses within the region and beyond to the Kingdom of Saudi Arabia and the global marketplace. This initiative strengthens global trade ties, enables connectivity, directly supports Saudi Arabia's Vision 2030, and marks a new era for Saudia Cargo, expanding its global network and underscoring its role as a national enabler of trade and innovation, the release added.

Loay Mashabi, CEO and Managing Director, Saudia Cargo says: "Saudia Cargo Global marks a transformative step in our global expansion, underscoring our deep commitment to the dynamic Greater China market as well as the wider APAC region. Our partnership with TAM Group is a strategic evolution reflecting our long-term dedication to the region and our sustainable global growth. Leveraging TAM Group's expertise and our robust network, Saudia Cargo Global will unlock new opportunities, enhance customer agility, and significantly strengthen regional and international trade through five dedicated freighter hubs. This venture, aligned with Saudi Arabia’s Vision 2030, is crucial for diversifying our economy, boosting non-oil exports, and accelerating the Kingdom's rise as a global logistics hub."

Tam Wing Kun, Founder and Chairman, TAM Group adds: "We are immensely proud to partner with Saudia Cargo in this transformative venture, which marks a significant milestone in our longstanding relationship. Since 1986, TAM Group has worked hand-in-hand with Saudia Cargo, and this joint venture is a natural next step in our shared commitment to the region’s growth. The Greater China market, with Hong Kong at its heart, is a vibrant, rapidly evolving landscape, and we're confident Saudia Cargo Global will become a dominant force in its air cargo industry.

"Looking ahead, our combined strengths, deep market insights, and unwavering commitment to excellence will enable us to provide customers with innovative, efficient, and reliable logistics solutions that drive their success. Hong Kong's incredibly crucial position allows us to serve the Greater China region and beyond, including Southeast Asia and key worldwide markets while also aligning perfectly with the Hong Kong SAR government's initiatives to strengthen ties with the Middle East."

Saudia Cargo Global will introduce enhanced services, specifically tailored to the diverse needs of the Greater China market with plans to further expand into APAC. These include optimised freighter operations leveraging Hong Kong's strategic location, advanced e-commerce logistics solutions to capitalise on the region's booming online trade and specialised pharmaceutical transports meeting stringent global standards, the release added.