Kuehne + Nagel announces wholly owned subsidiary in Saudi Arabia

Kuehne + Nagel has strengthened its foothold in Saudi Arabia by becoming the first global logistics provider to operate a wholly owned subsidiary in the Kingdom.

Kuehne + Nagel entered Saudi Arabia in 1976 via a 50:50 joint venture with EA Juffali & Bros, Orient Transport Company. A change in domestic legislation enabled Kuehne + Nagel to acquire the remaining shares in the JV company, and since mid-July 2008, the national company has operated as Kuehne + Nagel Ltd.

Headquartered in Jeddah, Kuehne + Nagel Ltd also has branch offices in Riyadh and Dammam.

According to Werner Kleymann, regional manager, Middle East, the establishment of a wholly owned subsidiary in Saudi Arabia enables the company to pursue its investment and development objectives in the Kingdom in terms of both operations and staffing.

Kuehne + Nagel Ltd is firmly positioned in the Saudi sea- and airfreight markets, which is a strong foundation for the continued expansion of the oil & gas logistics business. The group will set up its contract logistics business during the course of this year, with considerable investments planned for 2009.