Malaysian automotive-to-insurance conglomerate DRB-Hicom has teamed up with Saudi International Trading and Marketing Ltd (SITM) to bid for airport ground handling services in Saudi Arabia.
DRB-Hicom, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, said the collaboration would enable the business to expand its overseas operations.
The company has signed a memorandum of understanding with SITM through its wholly-owned subsidiary KL Airport Services Sdn Bhd, it said in a stock exchange filing on Thursday.
The companies will do a feasibility study and submit their bid when they have received an invitation from the General Authority of Civil Aviation of Saudi Arabia.
DRB-Hicom did not reveal the potential value of the handling services contract.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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