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Bahri, the national shipping company of ��������Ƶ, and Bolloré Group, a global player in international freight forwarding and logistics, have officially launched BahriBolloré Logistics, the companies’ joint venture. Bahri owns a 60-percent stake in the joint venture, while Bolloré owns the remaining 40 percent.
Headquartered in Riyadh, BahriBolloré Logistics will provide end-to-end logistics and supply chain management solutions to local and international firms operating in ��������Ƶ.
To mark the occasion, BahriBolloré Logistics hosted a ceremony at The Ritz-Carlton, Riyadh, in the presence of Abdulrahman M. Al-Mofadhi, chairman of Bahri; Cyrille Bolloré, chairman of Bolloré Transport & Logistics; Éric Giraud-Telme, deputy head of mission at the French embassy in ��������Ƶ; and senior representatives from both the companies, the diplomatic and military corps, among others.
Bahri Chairman Al-Mofadhi said: “The success of this joint venture signals the importance of ‎collaboration in creating a wider positive impact on the sector. ‎It is only through meaningful partnerships and a shared vision that ‎the transportation and logistics sector can break new ground and ‎explore new horizons of growth.”
Ali Al-Harbi, acting CEO of Bahri‎, said: “The inauguration of BahriBolloré 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. The joint venture will enable us to deliver high-quality logistics and supply chain management solutions as we combine Bolloré’s 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.”
Cyrille Bolloré, chairman of Bolloré Transport & Logistics, said: “We are particularly honored to conclude this strategic partnership with Bahri, one of the most recognized logistics players in ��������Ƶ. This development at the heart of a high growth potential region is an important milestone of our global network integration.”
Thierry Ehrenbogen, CEO of Bolloré Logistics, said: “This alliance is following the development dynamic of Bolloré 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.”