ASMO, the joint venture between Saudi Aramco Development Company and DHL, is exploring new financing solutions with J.P. Morgan to strengthen supply chain and logistics operations in Saudi Arabia. The collaboration is aimed at improving access to capital and enhancing the efficiency of end-to-end supply chains. The agreement focuses on developing tools that help ASMO’s customers manage inventory and working capital more effectively. Off-balance sheet financing solutions are b

ASMO has started operations at the Central Pipe Yard (CPY) in Saudi Arabia’s Eastern Province, marking an important step in the company’s growing role in the Kingdom’s supply chain sector. Spread across more than 5 million square metres, CPY is the largest facility in ASMO’s network and one of the biggest logistics hubs in the world for pipe materials used in the oil and gas industry. The facility plays a key role in supporting Aramco’s upstream, downstream, and major project