FinPol Digest

 In a calculated bid to break into the Saudi Arabian logistics industry, CJ Logistics declared on May 16 that it had inked a Logistics Project Collaboration MOU with Beez Logistics, a regional logistics firm in Saudi Arabia. Since 2017, Beez Logistics, with its headquarters in Riyadh, the Saudi Arabian capital, has offered a full range of logistics services. The firm provides services such as contract logistics, cold chain logistics, and last-mile delivery to a number of sectors, including food and beverage, pharmaceuticals, and health and beauty (H&B). In order to jointly grow their logistics operations in Saudi Arabia, this partnership intends to make use of the networks, skills, technology, and logistics experience of both businesses. Both parties are thinking about different ways to work together to provide delivery services related to the running of Saudi GDC, an iHerb regional logistics hub for the Middle East.  This center's debut is planned for 2024. Global e-comm...

A non-binding Memorandum of Understanding (MoU) between Saudi Aramco and Samsung Electronics Co., Ltd. outlines first ideas for a strategic partnership that would localize an industrial 5G technology ecosystem in Saudi Arabia , beginning with private networks. By utilizing cutting-edge 4G and 5G technologies that can provide secure, quick, and reliable communication, the proposed collaboration aims to support the digital transformation of various industrial sectors in the Kingdom, such as energy, petrochemical, and manufacturing. This will satisfy the vital business requirements of various industries. The businesses work to support the adoption of advanced industrial 5G for vital communications. The Memorandum of Understanding (MoU) comes in the wake of Aramco Digital Company's recent launch, which aims to hasten the Middle East and North Africa (MENA) region's and the Kingdom's digital transformation.