FedEx Express to invest US $400 million in Saudi Arabia to meet shipping demand

 FedEx Express will invests more than SAR 1.5 billion (US $400 million) in the Kingdom of Saudi Arabia over the next 10 years to meet the country’s growing international shipping demands. 

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, and the ‘National Industrial Development and Logistics Program’ which seeks to increase non-oil exports to more than SAR 1 trillion (approximately US $266 billion).

Under Saudi Vision 2030, the Kingdom is committed to increasing its total air cargo capacity. With nearly 50 years of experience, specialized services, and advanced technology solutions, FedEx is said to support the trade requirements of the healthcare, e-commerce, technology, energy, aerospace, automotive, and petrochemical sectors.

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