DSV Secures Exclusive Logistics Contract for Saudi Arabia's NEOM Project

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Written By Jennifer Joslyn

DSV, a logistics company, has secured an exclusive contract to provide logistics services for NEOM, a large development project in Saudi Arabia, encompassing cities, ports, research centers, and more. DSV will own a 49% stake in a joint venture with NEOM, with a total commitment of $5 billion until December 2031. The joint venture will handle end-to-end supply chain management and investment in transportation and logistics assets, with NEOM assuming the risk and guaranteeing a return on investment. Despite this significant undertaking, DSV remains committed to its core business and potential mergers and acquisitions (M&A) strategies, and it plans to grow both organically and through acquisitions in the future.

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Jennifer Joslyn
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