News / Logistics majors invest, boosting Saudi Arabia's global hub ambition

Photo: © Peter Hermes Furian

Saudi Arabia is targeting “global hub” status by the end of the decade and plans to pump some $267bn into its logistics sector, after having attracted some of the industry’s biggest names.

Just a day after the country’s inaugural Global Logistics Forum, Ceva formalised a joint venture with Saudi’s Almajdouie Logistics (Ceva Almajdouie Logistics) to target the growth in domestic supply chain activities.

Ceva CEO Mathieu Friedberg said: “With the Saudi market experiencing significant growth, seamless ...