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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 goals of the Kingdom of Saudi Arabia’s Vision 2030 and the “National Industrial and Logistics Development Program” , which seeks to increase non-oil exports to more than one trillion Saudi Riyals. , approximately $ 266 billion.
FedEx Express has been facilitating business 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 do business easily and expand their reach to more than 220 countries and territories served by FedEx.
“Our customers will benefit from FedEx digital tools and a wider range 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 across 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-sized businesses in Saudi Arabia, which form the backbone of the economy and represent 99% of the private sector. sector in Saudi Arabia.
FedEx Express will continue to work closely with SAB Express to provide pickup, delivery and customs clearance services across the country.
In turn, SABB Express Board Chairman Salah Al-Balawi said, “We are delighted to continue to support FedEx Express in Saudi Arabia on its growth journey and to join them in playing a essential role in the development of logistics infrastructure of the Kingdom of Saudi Arabia, in accordance with the coordination of efforts and strategy of the country. By diversifying the economy, the logistics sector is a major contributor to employment, investment and general economic growth in the Kingdom. “
As part of Saudi Arabia’s Vision 2030, the Kingdom has committed to increasing its total air cargo capacity.
With nearly 50 years of experience, the company is committed to supporting the business demands of the healthcare, e-commerce, technology, energy, aerospace, automotive and retail industries. petrochemicals.
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