CJ Logistics announced on Nov. 22 that it has signed a memorandum of understanding (MOU) with Saudi Arabia’s NESMA Group at its headquarters in the Jongno district of Seoul.
Under this agreement, both companies have agreed to actively explore joint business opportunities and consider each other as priority partners in the pursuit of new ventures in Saudi Arabia, establishing a broad cooperative relationship.
Established in 1979, NESMA Group is a diversified conglomerate with 51 subsidiaries across various industries such as construction, finance, and logistics. The group has a presence in four countries: Saudi Arabia, Egypt, the UAE, and Turkey.
In May, CJ Logistics signed a business agreement with Saudi Civil Aviation Authority and is currently establishing a Global Distribution Center (GDC) to manage international shipments for the global online health and lifestyle retailer iHerb in the Middle East. The facility, expected to be operational next year, will have a total area of 18,000 square meters and a daily processing capacity of 15,000 boxes. CJ Logistics’ Middle Eastern subsidiary, CJ ICM, will be responsible for local logistics operations.
Before signing the MOU, NESMA Group’s delegation, including Chairman Faisal Al Turki, visited CJ Logistics’ advanced logistics technology centers in Incheon GDC and Gunpo Smart Fulfillment Center on Nov. 21.
Kang Byung-koo, the head of CJ Logistics’ Global Business Division, stated, “Saudi Arabia is a market with immense growth potential and geographical advantage, connecting Africa and Europe. Through cooperation with NESMA Group, we aim to actively explore new business opportunities and expand our influence in the Middle Eastern logistics market.”