CEVA Logistics, a global leader in third-party logistics, and Almajdouie Logistics, a leading end-to-end logistics solutions provider in the Middle East, signed the final agreement to create a joint venture in the Kingdom of Saudi Arabia (KSA). The signing took place during the inaugural Global Logistics Forum in Riyadh. First announced in July 2024 and subsequently approved by the relevant Saudi authorities, the newly created joint venture—CEVA Almajdouie Logistics—will leverage the strengths … [Read more...] about CEVA Logistics, Almajdouie Logistics finalise creation of joint venture in Saudi Arabia
Almajdouie Logistics
CEVA Logistics, Almajdouie Logistics sign joint venture in Saudi Arabia
As a part of its strategic plan, CEVA Logistics announced that it has signed a Joint Venture (JV) agreement with Almajdouie Logistics, one of the leading logistics providers in the Kingdom of Saudi Arabia (KSA). The signed agreement now awaits review and approval by the necessary regulatory authorities. CEVA Logistics would control the majority of the newly established joint venture. Strategic move for both sides The JV would mark a major milestone in both companies’ growth strategies. … [Read more...] about CEVA Logistics, Almajdouie Logistics sign joint venture in Saudi Arabia