In the joint venture, NEOM will possess a majority stake of 51%, with DSV holding the remaining 49%.
On Tuesday, NEOM, the mega project in Saudi Arabia, revealed a new partnership with DSV, a Danish transportation and logistics company, to create a $10 billion logistics joint venture (JV). This collaboration aims to bolster the progress of ambitious projects within the futuristic city.
Details of the agreement include the provision of extensive supply chain management services by the JV. This encompasses the development and investment in transport and logistics assets and infrastructure, along with the transportation and delivery of goods and materials within the NEOM project.