ALBAWABA - Saudi Arabia's Neom has unveiled a $10 billion partnership with the global transport and logistics company DSF, focusing on providing logistics services and developing ambitious projects in Neom over the coming years.
According to the joint press release, Saudi Neom will own approximately 51% of the joint project, while DSF will hold the remaining 49%. Ultimately, this project aims to support the growth of the Saudi economy by helping develop infrastructure and creating over 20,000 job opportunities.
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Jens Bjørn Andersen, CEO of the DSF Group, stated, "Neom is one of the largest and most complex projects in the world, and this is an opportunity for us to contribute to the development of a project that drives innovation, technological advancement, and digital transformation." The joint project is expected to allocate a portion of its revenues to the development of sustainable logistics-related technologies, as well as the establishment of an innovation hub in Neom.
Neom is a location consisting of several regions located in the northwestern part of Saudi Arabia, known for its moderate climate and stunning landscapes. It aims to create an exceptional place for living and working, with a goal of providing over 100,000 new job opportunities by 2030, according to Neom's official website.
