Saudi-based transportation and logistics company Bahri has signed a MoU with Hyundai Heavy Industries (HHI) Group to harness Big Data and technological innovation in the maritime industry. Hyundai Heavy Industries (HHI) Group is a shipbuilding group with extensive experience in ship construction and shipyard management.
The MoU lays out a comprehensive business cooperation framework to jointly evaluate the feasibility of launching new long-term projects, while at the same time bolster existing projects that have resulted from their close association over the years.
Ali Al-Harbi, Acting CEO, Bahri, said: “We are excited to collaborate with HHI Group and unearth opportunities that will positively impact the transportation and logistics sector. As one of the largest ship owners and operators in the world, we have a commitment towards the industry to drive sustainable growth by deploying new and improved technology, harnessing data and insights, and making the system more efficient than ever before. We also have the Saudi Vision 2030 in our sights, and with cost efficiency and economic diversification being key components of the reform plan, we believe that this collaboration comes at a crucial moment for both companies and the transportation industry at large.”
Anwar Siddiqui, Head of Bahri Data, said: “In just over a year since launch, Bahri Data has emerged as a critical differentiator for Bahri and has established itself as a benchmark for data-driven initiatives in the transportation industry. The need of the hour is a solid and reliable framework that puts data at the core of our business, and this collaboration will set the tone for distilling sophisticated transportation functions into streamlined and predictable data that helps make smarter decisions. This strategic undertaking with HHI Group opens up several possibilities, including using Big Data technology to generate higher revenues and ensuring improved client satisfaction through real-time data and analysis.”
