Transition to direct presence strengthens FedEx commitment to the Kingdom
FedEx Express recently announced its transition to a direct-serve presence in the Kingdom of Saudi Arabia to meet the country’s growing international shipping demands.
The company will invest more than SAR 1.5bn (US $ 400mn) into the Saudi economy over the next 10 years through talent management and local operations and infrastructure. This investment will reaffirm the company’s commitment to the country’s non-oil economic growth, in line with Saudi Arabia’s Vision 2030 goals, the company stated in a press communiqué.
FedEx Express has been facilitating trade in Saudi Arabia since 1994, offering international solutions and connectivity through local service providers, most recently through SAB Express.
“We see FedEx Express playing an important role in developing the small and medium enterprise environment in Saudi Arabia, which forms the backbone of the economy, and represents 99% of Saudi Arabia’s private sector,” affirmed Jack Muhs, Regional President, FedEx Express Middle East, Indian Subcontinent, and Africa.
FedEx Express will continue to work closely with SAB Express to provide pickup, delivery, and customs clearance services across the country. Sheikh Salah Al Bluewi, Chairman, SAB Express, remarked.
“We’re happy to continue supporting FedEx Express in Saudi Arabia with their growth journey, and join them in playing a critical role in developing Saudi Arabia’s logistics infrastructure,” he concluded.
Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!
