Asmo Logistics plans two new Saudi sites within two years

Asmo eyes expansion

Asmo Logistics — the Aramco-DHL JV — will open two new facilities in Jubail and a second undisclosed location over the next two years, Asmo CEO Nico Schutz told the Arabic press (watch, runtime: 4:30). The company currently operates four sites in the Kingdom.

Lots in the works for Asmo: The company is also finalizing a logistics hub at King Salman Energy Park, building a central pipe yard in the Eastern Province, developing a facility in Jazan, and expanding a warehouse near Riyadh. Asmo also plans to offer inventory financing services to clients, following an MoU signed with JPMorgan last year — with details currently being finalised.