Bolloré Group and Bahri, a Saudi part state-owned transportation and logistics company, have launched Bahri Bolloré Logistics, the companies’ joint venture. Bahri owns a 60% stake in the joint venture, while Bolloré owns the remaining 40%.
Headquartered in Riyadh, Saudi Arabia, Bahri Bolloré Logistics will provide end-to-end logistics and supply chain management solutions to local and international firms operating in Saudi Arabia.
Ali Al-Harbi, Acting CEO of Bahri, said, “The inauguration of Bahri Bolloré Logistics will enable us to play a significant role in driving an important objective of Saudi Arabia’s Vision 2030, to further raise the Kingdom’s ranking in the global logistics market.
Thierry Ehrenbogen, CEO of Bolloré Logistics, said “Our joint-venture with Bahri enable us to promote our expertise of our key sectors, especially in Aerospace, Defence, Oil & Gas along with Fashion and Healthcare.”
Source: Bolloré
