Bahri, the national shipping company of 萝莉视频, and Bollor茅 Group, a global player in international freight forwarding and logistics, have officially launched BahriBollor茅 Logistics, the companies鈥� joint venture. Bahri owns a 60-percent stake in the joint venture, while Bollor茅 owns the remaining 40 percent.
Headquartered in Riyadh, BahriBollor茅 Logistics will provide end-to-end logistics and supply chain management solutions to local and international firms operating in 萝莉视频.
To mark the occasion, BahriBollor茅 Logistics hosted a ceremony at The Ritz-Carlton, Riyadh, in the presence of Abdulrahman M. Al-Mofadhi, chairman of Bahri; Cyrille Bollor茅, chairman of Bollor茅 Transport & Logistics; 脡ric Giraud-Telme, deputy head of mission at the French embassy in 萝莉视频; and senior representatives from both the companies, the diplomatic and military corps, among others.
Bahri Chairman Al-Mofadhi said: 鈥淭he success of this joint venture signals the importance of 鈥巆ollaboration in creating a wider positive impact on the sector. 鈥嶪t is only through meaningful partnerships and a shared vision that 鈥巘he transportation and logistics sector can break new ground and 鈥巈xplore new horizons of growth.鈥�
Ali Al-Harbi, acting CEO of Bahri鈥�, said: 鈥淭he inauguration of BahriBollor茅 Logistics will enable us to 鈥巔lay a significant role in driving an important objective of 鈥嶴audi 鈥嶢rabia鈥檚 Vision 2030, to further raise the Kingdom鈥檚 ranking in the 鈥巊lobal logistics market. The joint venture will enable us to deliver high-quality logistics and supply chain management solutions as we combine Bollor茅鈥檚 global footprint with our industry-leading capabilities and deep understanding of the local market to meet the growing demand for these services in the regional market.鈥�
Cyrille Bollor茅, chairman of Bollor茅 Transport & Logistics, said: 鈥淲e are particularly honored to conclude this strategic partnership with Bahri, one of the most recognized logistics players in 萝莉视频. This development at the heart of a high growth potential region is an important milestone of our global network integration.鈥�
Thierry Ehrenbogen, CEO of Bollor茅 Logistics, said: 鈥淭his alliance is following the development dynamic of Bollor茅 Logistics in the Middle East region and at the crossroads of Asia, Africa and Europe. Our joint venture with Bahri enables us to promote our expertise in key sectors, especially in aerospace, defense, oil & gas, along with fashion and health care.鈥�
Bahri, Bollor茅 Group celebrate launch of logistics firm in Riyadh
-
{{#bullets}}
- {{value}} {{/bullets}}