Logistics

DSV's partnership with Saudi Arabia could run for several decades

The freight forwarding group expects profits in six to seven years from the controversial project to support the desert city of Neom.
Jens Lund, who took over as CEO of DSV from Jens Bjørn Andersen on Feb. 1, said on an investor call after the financial figures were released that he expects the operational permits for the Neom joint venture to be in place by the second quarter of this year. | Photo: Pr / Dsv
Jens Lund, who took over as CEO of DSV from Jens Bjørn Andersen on Feb. 1, said on an investor call after the financial figures were released that he expects the operational permits for the Neom joint venture to be in place by the second quarter of this year. | Photo: Pr / Dsv
by DAG HOLMSTAD, SEBASTIAN SCHLÜTER JACOBSEN

DSV has laid the foundation for a decades-long collaboration with the Saudi state to build a logistics company to support the desert city of Neom.

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