Ceva Logistics and Almajdouie Logistics sign joint venture in Saudi Arabia

PRESS RELEASE

MARSEILLE, France – July 16, 2024 – As a part of its strategic plan, CEVA Logistics announced today 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