Almar Container Saudi Arabia Signs Strategic Lease Agreement with Folk Maritime

Almar Container Saudi Arabia is proud to announce the signing of a significant lease agreement with Folk Maritime Services Company, a Public Investment Fund (PIF) company and emerging leader in regional liner and feeder services. Folk Maritime will be supplied with shipping containers to support its growing operations. This partnership marks a pivotal step in enhancing container availability and supporting the expanding scope of Folk Maritime’s mission to strengthen Saudi Arabia’s shipping capabilities and regional trade.

Folk Maritime’s strategic focus on regional connectivity, alongside its commitment to becoming a global logistics hub, aligns seamlessly with Almar’s objectives of driving growth and innovation in the shipping and logistics sector. Tapping into the Kingdom’s Vision 2030 goals, Folk Maritime is positioned to play a vital role in the transformation of Saudi Arabia’s maritime infrastructure and logistics sector. As the company expands its fleet and services, this partnership is designed to meet the dynamic and evolving needs of both businesses.

This collaboration reinforces Almar’s presence in the Saudi market, as well as contributes directly to the Vision 2030 objectives of bolstering the logistics infrastructure and fostering partnerships within the kingdom’s maritime sector.

Commenting on the partnership, Fahim Golandaz, General Manager, Almar Container Saudi Arabia, stated, “We are delighted to partner with Folk Maritime in their mission to strengthen Saudi Arabia's shipping capabilities. This agreement underscores Almar’s commitment to providing reliable, flexible, and efficient container solutions to meet the dynamic needs of the industry.”

Poul Hestbaek, CEO of Folk Maritime, commented, “This partnership with Almar Container Saudi Arabia is a critical step in our growth strategy. It supports our efforts to enhance operational efficiency and provide superior services to our customers. We are proud to collaborate with a trusted partner like Almar as we continue to expand our fleet and reinforce our commitment to Saudi Arabia’s Vision 2030.”

Echoing this sentiment, Francois du Plessis, CEO of Almar Container Group, said, “We are really excited about this partnership with Folk Maritime, who we believe is poised to become the region's market leader. As a local Saudi Arabian container leasing company, we're proud to support them in achieving this ambitious goal. We thank the Folk Maritime team for their trust and partnership and wish them every success.”