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

© Peter Hermes Furian |saudi arabia map

Photo: © Peter Hermes Furian

By Alexander Whiteman

15/10/2024

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 ...

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Topics

Ceva Ceva Almajdouie Logistics Global Logistics Forum Saudi Arabia Saudi Railway Company (SAR)

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