Bahri, a global leader in transportation and logistics, and Bolloré Group, a global player in international freight forwarding and logistics, recently celebrated the inauguration of BahriBolloré Logistics, the companies’ joint venture.

Bahri owns a 60 per cent stake in the joint venture, while Bolloré owns the remaining 40 per cent.

Headquartered in Riyadh, Saudi Arabia, BahriBolloré Logistics will provide end-to-end logistics and supply chain management solutions to local and international firms operating in Saudi Arabia.

To mark the occasion, BahriBolloré Logistics hosted a special ceremony at The Ritz-Carlton, Riyadh, in the presence of Abdulrahman M Al Mofadhi, chairman of Bahri, members of the board of directors, in addition to Cyrille Bolloré, chairman of Bolloré Transport & Logistics; and Éric Giraud-Telme, deputy head of mission at the French Embassy in Saudi Arabia.

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.

“Bahri is extremely proud to be playing an active role in strengthening the Kingdom’s position as a unique global logistics gateway. Through this joint venture and other initiatives, we remain dedicated to the future growth and development of the transportation and logistics industry in the Kingdom,” he added.