Strengthening the foothold in Saudi Arabia
Kuehne + Nagel entered Saudi Arabia in 1976 via a 50/50 joint venture with E.A. Juffali & Bros., Orient Transport Company. Following a change in domestic legislation, it acquired the remaining shares from the joint venture partner in 2007. Now, since mid-July 2008, the national company is operating under the global Kuehne + Nagel brand as Kuehne + Nagel Ltd.
Werner Kleymann, Regional Manager Middle East at Kuehne + Nagel, “The establishment of a wholly-owned national company in Saudi Arabia provides us with significant strategic and operational advantages. Customers can now fully leverage the quality and scope of our globally standardised business and IT processes together with our comprehensive portfolio of forwarding and logistics services. At the same time, with a professional national management team now in place, we can consistently pursue our investment and development objectives in the Kingdom in terms of both operations and staffing.”
The national company is firmly positioned in the Saudi sea- and airfreight markets – a strong foundation for the continued expansion of the oil & gas logistics business. Contract logistics, the Group’s third business pillar, will be set up in the course of this year and see considerable investments in 2009.
Kuehne + Nagel Ltd. is headquartered in Jeddah and operates branches in Riyadh and Dammam. The company employs 80 staff.