NEOM and DSV to form a $10bn joint venture.

NEOM, a government administration firm that offers economic growth, progressive laws, a healthy foundation and innovative solution, and DSV, a transport and logistics company offering transport services globally by road, air, sea and train, agreed to form a $10bn joint venture. "NEOM is one of the largest and most complex projects in the world. It provides a unique opportunity for DSV to support a development that is at the forefront of innovation, technology and digital transformation. DSV already has a strong presence in Saudi Arabia, and this is a significant growth opportunity for us in the region and we look forward to working with NEOM Company and bringing our logistics capabilities to the table," Jens Bjørn Andersen, DSV Group CEO.