During the inaugural Global Logistics Forum in Riyadh, Saudi Arabia, CEVA Logistics and Almajdouie Logistics signed an agreement to create a joint venture in the country.
First announced in July and subsequently approved by the relevant Saudi authorities, the newly created joint venture, CEVA Almajdouie Logistics, is expected to leverage the strengths of both companies to meet the growing demand for integrated logistics solutions in Saudi Arabia.
It is important to note that CEVA Logistics...
CEVA Logistics, as part of its strategic plan, announced the signing of a Joint Venture (JV) agreement with Almajdouie Logistics, a logistics provider in Saudi Arabia.
The agreement is now pending regulatory approval. CEVA Logistics will hold the majority stake in the new JV.
Almajdouie Logistics stands to benefit from CEVA’s expansive global network, enhancing its ability to offer comprehensive end-to-end logistics solutions worldwide to its expanding customer base.
“By pooling our expertise and...
https://container-news.com/ceva-and-almajdouie-logistics-sign-saudi-arabia-joint-venture-deal/