Aramco-DHL Venture Seeks Backers for Saudi Arabia Logistics Push

Aramco and DHL are courting investors to finance and build a distribution center in Saudi Arabia, according to people familiar with the matter, in a test of appetite for logistics assets in the kingdom.

A joint venture between the two is marketing the project to firms including Brookfield Asset Management Ltd., as well as to wealthy families in Saudi Arabia and across the Gulf, the people said, asking not to be identified because the discussions are private.