FedEx provides direct services in Saudi Arabia and invests $400 million

FedEx Express, a delivery services company of FedEx Corp., has revealed that it is switching to direct services in Saudi Arabia to meet the growing demand for international transportation in Saudi Arabia.

The company will invest more than 1.5 billion Saudi riyals ($400 million) in the Saudi economy over the next ten years through talent management, local operations and infrastructure.

The company said in a statement, that this investment will reaffirm the company’s commitment to the country’s non-oil economic growth, in line with the objectives of the Kingdom of Saudi Arabia’s Vision 2030, and the “National Industrial Development and Logistics Program”, which seeks to increase non-oil exports to more than one trillion Saudi riyals. , about $266 billion.

FedEx Express has been facilitating trade in Saudi Arabia since 1994, providing solutions and international communications through local service providers, most recently through SAP Express. The company’s direct presence in Saudi Arabia will help local businesses easily trade and expand their reach to more than 220 countries and territories served by FedEx.

“Our customers will be able to benefit from FedEx digital tools and a broader suite of services. This strategic expansion in the Kingdom will also help Saudi companies connect with new markets and customers,” FedEx Express Regional President for the Middle East, Indian Subcontinent and Africa, Jack Mohs, said in a statement. around the world, supporting the goals of Saudi Arabia’s Vision 2030 to diversify the national economy.

He continued, “In addition to our commitment to the Saudi economy, we see FedEx Express playing an important role in developing the environment for small and medium businesses in Saudi Arabia, which form the backbone of the economy, and represent 99% of the private sector in Saudi Arabia.”

FedEx Express will continue to work closely with SAB Express to provide pick-up, delivery and customs clearance services across the country.

In turn, the Chairman of the Board of Directors of SABB Express, Salah Al-Balawi, said: “We are pleased to continue to support FedEx Express in Saudi Arabia in its growth journey, and to join them in playing a critical role in developing the logistics infrastructure in the Kingdom of Saudi Arabia, in line with the country’s coordination of efforts and strategy. In diversifying the economy, the logistics sector is a major contributor to employment, investment, and general economic growth in the Kingdom.”

Under Saudi Arabia’s Vision 2030, the Kingdom is committed to increasing its total air cargo capacity.

With nearly 50 years of experience, the company is committed to supporting the commercial requirements of the healthcare, e-commerce, technology, energy, aerospace, automotive and petrochemical sectors.

 
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