Cargostore Worldwide Announces Strategic Marketing Partnership with Momentum Logistics

Dammam; Saudi Arabia – 30 July 2024 – Cargostore Worldwide is excited to announce a significant new partnership with Momentum Saudi Company Limited, a Gulftainer Company solidifying its presence in the Kingdom of Saudi Arabia (KSA). This collaboration enables Momentum to act as Cargostore’s depot in the region, strategically located at the King Abdul Aziz Road, Dammam Sea Port.

The depot is fully stocked with DNV 2.7-1 and ISO container types, including 10ft and 20ft Closed Containers, Open Tops, Half Heights, Reefers and more, all available for immediate lease. This partnership ensures that Cargostore can swiftly meet the rising demand for containers in the region, particularly for the expanding ARAMCO Offshore operations. All Cargostore units are designed, built, and certified to DNV 2.7-1 standards, fully compliant with ARAMCO offshore requirements.

Furthermore, the new yard facilitates the rapid delivery of DNV CCUs to local Offshore Drilling, Catering, and Waste Management Companies throughout the region.

Daniel Caton, MD of Momentum Logistics, expressed his enthusiasm for the partnership, “We are thrilled to be working with Cargostore Worldwide. This partnership will allow us to provide high-quality container solutions to our clients in the KSA, enhancing their ability to efficiently manage their logistics and operational needs.”

Sohail Ashraf, Middle East Director of Cargostore Worldwide, highlighted the strategic importance of the collaboration, ‘Expanding our business in Saudi Arabia through this partnership with Momentum is crucial to meeting increased client demand. Our well-stocked Dammam depot ensures quick container provision, enhancing our regional service capabilities. This initiative not only supports the local economy but also aligns with the Kingdom’s 2030 vision to support and grow local businesses, fostering a more self-sufficient and robust business environment within the Kingdom.’