CEVA Logistics inks Saudi joint venture with Almajdouie LogisticsCEVA Logistics inks Saudi joint venture with Almajdouie Logistics
CMA CGM’s Ceva Logistics and Almajdouie Logistics plan to target industry verticals from ranging energy to retail with new joint venture in Saudi Arabia.

The two companies have signed an agreement to establish the joint venture which would give Almajdouie Logistics access to CEVA Logistics global network, while the French owned company would be able to build on a strong, established presence in Saudi Arabia.
The joint venture would have around 2,000 employees in the Kingdom with a local fleet of more than 2,000 assets. The joint venture’s completion is subject to regulatory approvals with CEVA Logistics having majority control.
“We have worked successfully with Almajdouie Logistics over the past decade, and with the growing market in Saudi Arabia, this joint venture would strengthen our local presence. By combining our complimentary capabilities, the JV’s customers would have access to bespoke global solutions implemented reliably by local experts,” said Mathieu Friedberg, CEO of CEVA Logistics.
With the new joint venture the two companies plan to target industry verticals ranging from the conventional Saudi energy and petrochemicals industry to automotive, e-commerce, consumer and retail.
Mohammed Almajdouie, CEO of Almajdouie Logistics, said: “By pooling our expertise and resources through this partnership, we aim to strengthen our competitive advantage and offer an integrated and comprehensive suite of logistics services enabling us to capitalise on the opportunities presented by the Kingdom's vibrant and rapidly evolving business landscape.”
Almajdouie Logistics is headquartered in Dammam and operates over 1.2 million sq metres of terminal and warehousing and an expansive fleet of vehicles and trailers.
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