Bahri and Bollore announce joint venture BahriBollore Logistics in Riyadh
September 27, 2017: International freight forwarding company, Bollore Group and Bahri, a global leader in transportation and logistics have formed a joint venture company BahriBollore Logistics.
September 27, 2017: International freight forwarding company, Bollore Group and Bahri, a global leader in transportation and logistics have formed a joint venture company BahriBollore Logistics. The official inauguration of the new company took place in Riyad.
Headquartered in Riyadh, KSA, BahriBolloré Logistics will provide end-to-end logistics and supply chain management solutions to local and international firms operating in Saudi Arabia.
Bahri owns a 60-percent stake in the joint venture, while Bollore will hold the remaining 40 percent.
To mark the occasion, BahriBollore Logistics hosted the ceremony in the presence of Abdulrahman M Al-Mofadhi, chairman, Bahri, along with Cyrille Bollore, chairman, Bollore Transport & Logistics, Eric Giraud-Telme, Deputy Head of Mission, French Embassy. , Saudi Arabia, and other senior representatives from both the companies, the diplomatic and military corps, among others.
Commenting on the joint venture launch, Abdulrahman Mohammed Al-Mofadhi, chairman, Bahri, 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.”
“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. In doing so, we are also proud to be playing an integral role in further promoting Saudi Arabia’s credentials as a prominent logistics gateway. ,” said Ali Al-Harbi, Acting CEO of Bahri.
Cyrille Bollore, chairman, olloré Transport & Logistics, said, “We are particularly honoured to conclude this strategic partnership with Bahri, one of the most recognised logistics players in Saudi Arabia. This development at the heart of a high growth potential region is a significant milestone in our global network integration.”
“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 our core sectors, especially in aerospace, defence, oil and gas, along with fashion and healthcare,” added Thierry Ehrenbogen, CEO, Bollore Logistics.
