Panalpina and Saudi conglomerate Al Rushaid agree to joint venture

© Khunaspix Dreamstime.

Panalpina will offer end-to-end supply chain solutions to the Al Rushaid group by combining its services in air and ocean freight, customs clearance, as well as warehousing and distribution, pending regulatory approval. The newly formed Panalpina Al Rushaid joint venture will also expand its services to other firms in the kingdom, tapping into the potential of the Saudi freight forwarding and logistics market with an estimated turnover of USD 20 billion.