Saudi Arabia, July 21, 2019, — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company appointed SAB Express (SAB) as the global service provider for its international services, connecting Saudi Arabia with more than 220 countries and territories.
“SAB has been a long-term service provider to TNT business in Saudi Arabia, and following TNT’s acquisition by FedEx, SAB Express became the licensee of FedEx Express in this dynamic market,” said Sheikh Salah Al Bluewi, Chairman and CEO, SAB Express.
“With SAB Express as FedEx 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.” said Jack Muhs, regional president of FedEx Express Middle East, Indian Subcontinent and Africa. “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 continued.
FedEx Express operates its extensive Middle East Road Network, connecting Saudi Arabia directly to the UAE, Bahrain, Kuwait, Oman and Jordan. According to the Global Insight Report, in 2018, these six countries accounted for US $1.5 trillion in gross domestic product. FedEx Middle East Road Network offers customers day and time definite services with the fastest transit times for road-based delivery.
With a rapidly developing airport, maritime, railway and road infrastructure, Saudi Arabia’s logistics market is valued at US $18 billion[1] and is expected to reach US $25 billion by 2020. Cargo growth and industry investment is set to continue growing too. A special economic zone[2] is under development at the King Khalid International Airport in Riyadh, focusing on integrated logistics.
[1] https://www.export.gov/article?id=Saudi-Arabia-Transport-and-logistics
[2] https://www.reuters.com/article/us-saudi-economy/saudi-arabia-to-set-up-special-economic-zone-at-riyadh-airport-spa-agency-idUSKCN1MV0KD