FedEx Express, a subsidiary of FedEx Corp and a leading express transportation company, has appointed SAB Express as the service provider for its international services in Saudi Arabia, connecting the kingdom with 220 countries and territories.
FedEx Express operates its extensive Middle East Road Network, connecting Saudi Arabia directly to the UAE, Bahrain, Kuwait, Oman and Jordan.
On the FedEx partnership, Sheikh Salah Al Bluewi, the chairman and chief executive of SAB Express, said: "Our company has been a long-term service provider to TNT business in Saudi Arabia, and following TNT’s acquisition by FedEx, we became the licensee of FedEx Express in this dynamic market."
Jack Muhs, regional president of FedEx Express Middle East, Indian Subcontinent and Africa, said: "With SAB Express as our licensee in Saudi Arabia, we are leveraging their comprehensive expertise in delivering an outstanding service across the country and building on our mutual strengths to connect customers to possibilities around the world."
“Together, we will ensure that we continue to support the growth of the GCC’s largest logistics market with a connected road network, world-class shipping solutions, access and enhanced connectivity,” he added.
With a rapidly developing airport, maritime, railway and road infrastructure, Saudi Arabia’s logistics market is valued at $18 billion and is expected to reach $25 billion by 2020.
Cargo growth and industry investment is set to continue growing too. A special economic zone is under development at the King Khalid International Airport in Riyadh, focusing on integrated logistics, it added.-TradeArabia News Service