TNT pursues Saudi Arabian growth
TNT SAB Express, the Saudi Arabian arm of TNT Express, is expanding the scope of its activities and services in the country. The company will increase its workforce and transfer its main branch in Jeddah to new executive offices.
The company had recently announced a 30% increase in revenues for the first half of 2010, whilst introducing two additional retail outlets in Jeddah.
Martyn Wright, managing director, TNT SAB Express Saudi Arabia: “Saudi imports have grown significantly over the past few years and have catapulted the country ahead of other leading Middle Eastern countries in the logistics field. Our strong performance for the first half of this year especially reflects the growing opportunities in the Kingdom’s delivery services sector, and we are adopting fresh strategies to become even more visible in this growth market. Our move to new offices will further enhance our image and leverage the strong global patronage enjoyed by the TNT brand.”
The company is looking to benefit from the growing population of nationals and expatriates, and its accelerating economy.
Around 26.5m people live in the Kingdom, with an estimated 26% being expatriates. The population is expected to climb to as high as 31.7m over the next five years, with expatriates expected to number between 7.9 to 8.5m. This demographic profile along with the robust local economy requires a wide range of services such as express delivery.
