FedEx Express, a subsidiary of FedEx Corp and leading express transportation company, has selected Abdul Latif Jameel Group as a new global service provider in Saudi Arabia as of January, for its international inbound and outbound services to and from 220 countries and territories.

Mohammed Abdul Latif Jameel, chairman and president of the group, said: “Abdul Latif Jameel Group is proud to be selected as the global service provider of the globally renowned FedEx Express brand in Saudi Arabia.

“Our Group’s 60 years of logistics experience, combined with our customer-centric approach, are the pillars that will support FedEx Express in becoming the premier transportation provider in the country, and a vital contributor to the Saudi Arabian economy.”

FedEx has been active in Saudi Arabia for more than 20 years and the selection of Abdul Latif Jameel Group will allow FedEx to utilise the Saudi Arabian conglomerate’s deep market expertise to meet growing shipping needs, said a statement.

The country’s demand for international cargo is expected to grow by five per cent and seven to eight per cent for air and sea cargo, respectively, through 2020, it said.

David Ross, senior vice president of FedEx Express Middle East, said: “This strategic relationship with Abdul Latif Jameel Group aligns with our ‘customer first’ philosophy that defines our commitment to make every FedEx experience outstanding.

“Together, we will grow the business and deliver excellent service to customers. As a large contributor to international trade, our current and prospective customers will continue to benefit from world-class shipping solutions, access and enhanced connectivity.”

According to Saudi Arabian General Investment Authority (Sagia), more than $100 billion of investment is anticipated within Saudi Arabia’s transportation and logistics sector over the next 10 years, providing a natural catalyst for spurring international trade.

Saudi Arabia’s large-scale infrastructure development and unique location straddling East and West position the kingdom as one of the world’s leading global transport and logistics hubs with a rapid growth economy attracting foreign investment. - TradeArabia News Service