The National Shipping Company of Saudi Arabia “NSCSA” announce wining a contract to provide transportation and logistics services for the Ministry of Defense and Aviation “MODA” for a total value of Saudi Riyal 230 Million for a period of three (03) years. This contract will be effective from 11/9/2011 and the financial impact will appear in the last quarter of this year 2011.
Under this contract, NSCSA is appointed as an official shipper for all the branches of the armed forces to perform different kinds of transportation and logistics services internationally by sea, air & land during the contractual period. In addition, there is a possibility that NSCSA can also be assigned to transport additional shipments as stated in the range of the contract, resulting of additional income.
It is worth mentioning that the company is engaged in the field of maritime transport for more than thirty years, having a considerable experience in the field of shipping & logistics by sea, air & land. The company owns RoRo vessels specialized to carry general cargo and project equipment.
230 000 000 Saudi riyals = 61.32996 million U.S. dollars
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Source: NSCSA, August 23, 2011.