Nesma Co. , Saudi Arabia and CJ Logistics, South Korea have announced the signing of a memorandum of understanding (MOU). Signed at CJ Logistic’s headquarters in Seoul’s Jongno district, the agreement will see both companies actively exploring joint business opportunities and prioritizing each other in the pursuit of new ventures in Saudi Arabia.

CJ Logistics is currently establishing a Global Distribution Center in the Middle East, expected to be operational next year, to manage international shipments for the online retailer iHerb.

Kang Byung-koo, the head of CJ Logistics’ Global Business Division, expressed optimism about the partnership, saying that through cooperation with Nesma Co., they aim to expand their influence in the Middle Eastern logistics market.