FedEx partners with Abdul Latif Jameel Group in Saudi Arabia
FedEx Express has boosted its business in Saudi Arabia by partnering with Abdul Latif Jameel Group. The family-owned firm, which employs 15,800 people globally and has headquarters in Jeddah, Saudi Arabia, and in Dubai, has become a global service provider for FedEx Express.
It will see FedEx Express providing international inbound and outbound services for customers through the Abdul Latif Jameel Group.
FedEx has been active in Saudi Arabia for more than 20 years, but said it will now be able to use the Saudi conglomerate’s market expertise.
The US express delivery giant said demand for international shipping is expected to grow by between 5% and 8% through 2020.
The company said Saudi Arabia is expected to see $100bn (USD) investment in its transportation and logistics sector over the next decade, which will help drive international trade.
“Strategic”
David Ross, senior vice-president of FedEx Express Middle East, Indian Subcontinent & Africa operations, 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.”
Founded in 1945, Abdul Latif Jameel Group has operations in 17 countries in the Middle East, North Africa and Europe. The company operates in various sectors and activities, including automotive, financing and advertising, but is best known for its automotive industry operations after being appointed Toyota authorised distributor in 1955.
Mohammed Abdul Latif Jameel, chairman and president of Abdul Latif Jameel Group, said: “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.”
