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  • Writer's pictureTeam CargoTalk

KSA, French group ink MoU for cooperation in transport, logistics

The Ministry of Investment signed an MoU with the French shipping giant CMA CGM Group this week to boost cooperation in transport and logistics sectors, as per a company statement. The signing ceremony was held in the presence of His Excellency Khalid Al-Falih, Minister of Investment. The agreement aims to support the company’s investment project plans and to explore potential investment opportunities in KSA. The ministry stated this will contribute to achieving the goals of the National Strategy for Transport and Logistics, within the Saudi Vision 2030. As part of the strategy, the Kingdom aims to double the logistics sector’s contribution to the gross domestic product (GDP).


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