Saudia Cargo, TAM Group Launch Joint Venture 'Saudia Cargo Global' in Hong Kong

• Saudia Cargo and TAM Group have launched Saudia Cargo Global, a joint venture based in Hong Kong to serve Greater China, Asia Pacific, and beyond.
• The move boosts cargo capacity, service capabilities, and customer engagement, supporting Saudi Arabia's Vision 2030.
• This strategic expansion builds on a partnership since 1986 and aims to position the new entity as a major player in the regional air cargo market.

Saudia Cargo has announced a landmark joint venture with its long-standing Chinese partner, TAM Group, establishing a new entity, Saudia Cargo Global, headquartered in Hong Kong. The venture aims to serve as a strategic command centre for operations across Greater China, the Asia Pacific (APAC) region, and beyond, significantly boosting Saudia Cargo’s commercial footprint and service capabilities.

The collaboration enhances cargo capacity between China and Saudi Arabia, reinforcing Saudia Cargo’s commitment to the region and aligning with Saudi Arabia’s Vision 2030 by strengthening global trade links and logistics.

Hong Kong’s position as a major international cargo hub plays a crucial role in the initiative’s strategy. The joint venture is expected to offer enhanced connectivity, customer engagement, and long-term sustainable growth for both partners.

CEO of Saudia Cargo, Loay Mashabi, described the move as a “transformative step” in the company’s global expansion and a reflection of its long-term dedication to the region. Dr Tom Wing Kun, chairman of TAM Group, emphasized the historical partnership since 1986, stating that this joint venture is a natural progression and expressing confidence that Saudia Cargo Global will become a dominant force in the regional air cargo market.