Saudia Cargo and China Cargo Airlines, amidst evolving global trade dynamics, have signed a Memorandum of Understanding (MoU) at the World Cargo Symposium, forging a strategic alliance to enhance trade between Saudi Arabia and China.
The partnership aims to optimize export operations, provide advanced logistics services, and capitalize on growing global market demands, aligning with Saudi Vision 2030 and China’s Belt and Road Initiative, ensuring resilient supply chains in today’s interconnected world.
The MoU establishes a framework for enhanced collaboration, with both parties committed to strengthening interline cooperation, building upon existing and future SPA agreements. This includes joint marketing and promotional activities, the execution of joint marketing strategies, and a focus on harmonizing cargo service operations, pricing, and the provision of specialized cargo handling for sensitive goods.
Loay Mashabi, CEO and Managing Director of Saudia Cargo, said”: “This MoU with China Cargo Airlines represents a significant milestone for Saudia Cargo. We are setting our sights on elevating shipping capabilities and broaden our export footprint in the Chinese markets. By optimizing export operations and delivery advanced logistic services that cater to evolving global market demands, we are confident that this partnership will not only strengthen our position as a leading global cargo carrier but also contribute significantly to the realization of Vision 2030.”
Wang Jianmin, President of China Cargo Airlines, added: “We are delighted to embark on this strategic journey with Saudia Cargo. We firmly believe that by uniting our strengths and resources, we can generate substantial value for our customers, enhance trade connectivity between Asia and the Middle East, and play a key role in the success of both Saudi Vision 2030 and the Belt and Road Initiative. To ensure the effective execution of this MoU, we will establish an executive team comprised of representatives from both organizations, fostering seamless collaboration and driving impactful results.”
The agreement builds on the success of Saudia Cargo’s “Landing in China in 24” campaign, launched last year, which generated significant engagement from key partners and underscored the growing demand for efficient logistics solutions connecting the Kingdom with key Chinese markets.
China stands as Saudi Arabia’s primary merchandise trading partner, with exports reaching 16.1 billion SAR in 2023, representing 17% of the Kingdom’s total exports. This underscores the increasing importance of this trade corridor and the potential for further growth.
DHL Group, the world’s leading logistics company, has signed a Memorandum of Understanding (MoU) with the e-commerce marketplace Temu. The agreement aims to deepen their cooperation and further expand their successful partnership. The agreement aims to enhance collaboration to better support local small and medium-sized enterprises (SMEs) in established markets. It also seeks to extend this support to growth markets, such as Eastern Europe and the Middle East. Both parties are committed to fostering compliant trade and sustainable practices.
DHL Group will support Temu through its logistics expertise. This includes multimodal transportation solutions to provide more efficient and sustainable supply chain services. With its dense network and global presence, DHL Group is the ideal partner. It is well positioned to support Temu’s growth in both established and new markets.
“Through our various DHL divisions, we are already providing a wide range of logistics services and solutions, including air freight and last-mile delivery. We are excited to elevate our partnership with Temu to the next level. By combining our logistics capabilities with Temu’s innovative platform, we can create more efficient, compliant and convenient solutions that benefit both consumers and local businesses in the markets we serve,” states Katja Busch, CCO and Head of DHL Customer Solutions & Innovation.
Also Read: Emirates Launches Courier Service, Treating Packages Like Guests
As part of the Memorandum of Understanding, DHL Group will utilize its logistics expertise to support Temu’s operations in Europe. This includes its local-to-local model, which enables local merchandise partners to sell on its platform and supports local fulfillment. Temu expects up to 80% of its total sales in Europe to come from this local-to-local model. Additionally, the e-commerce platform will enable European-based sellers to reach global markets in the future. This allows, in particular, SMEs to scale and expand their businesses. DHL will also assist Temu in growing its presence in e-commerce markets, including the Europe, Middle East, and Africa (EMEA) regions.
“This letter of intent marks a significant step in our partnership with DHL Group. Its extensive network and logistics capabilities will help support our mission to increase consumer access to affordable products and help increase growth opportunities for sellers,” states Qin Sun, co-founder of Temu.
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