CEVA Logistics, the group's logistics company French shipowner CMA CGM, has signed an agreement with the Saudi Almajdouie Logistics to establish the joint venture in Saudi Arabia CEVA Almajdouie Logistics venture whose share capital will be controlled by the French company. CEVA Logistics collaborates with Almajdouie Logistics for several years and the two companies have a joint venture dedicated to the market of logistics of new vehicles. With the new initiative will be combined in CEVA Almajdouie Logistics transport and logistics activities carried out by both partners in Saudi Arabia.

The new joint venture will be based in Damman, will have about two thousand employees and a fleet of more than two thousand wherewithal.