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FedEx Express Strengthens International Business Opportunities with New Service Provider in Saudi Arabia

December 31, 2014

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Saudi Arabia, December 30, 2014 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has selected Abdul Latif Jameel Group as a new global service provider in Saudi Arabia as of January 2015, for its international inbound and outbound services to and from 220 countries and territories.

“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,” said Mohammed Abdul Latif Jameel, Chairman and President of Abdul Latif Jameel Group.

FedEx has been active in Saudi Arabia for more than 20 years and the selection of Abdul Latif Jameel Group will allow FedEx to utilize the Saudi conglomerate’s deep market expertise to meet growing shipping needs. The country’s demand for international cargo is expected to grow by 5% and 7 to 8% for air and sea cargo, respectively, through 2020[1].

“This strategic relationship with Abdul Latif Jameel Group aligns with our ‘customer first’ philosophy that defines our commitment to make every FedEx experience outstanding,” said David Ross, senior vice-president of FedEx Express Middle East, Indian Subcontinent & Africa operations. “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 US$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.

As of January 01, 2015, customers in Saudi Arabia can call 800 246 4444 for all their international shipments, or visit fedex.com/sa. 

– Ends –

About FedEx Express

            FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories.  FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

About FedEx Corp.

            FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $47 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

About Abdul Latif Jameel Group

Established in 1945, Abdul Latif Jameel Group (the Group), is a family-owned diversified business with dual headquarters located in Jeddah, Saudi Arabia and Dubai, UAE. The Group’s geographic footprint extends to 17 countries in the Middle East, North Africa, Turkey, Asia-Pacific, and Europe. The Group is best known for its core automotive operations and associated value chain businesses, which had their origin in the Group’s appointment as an authorised distributor for Toyota in Saudi Arabia in 1955. Since then, the Group has diversified into financing, parts manufacturing, electronics distribution, advertising, media, and events. In 2012, the Group further diversified into several new sectors, including energy, with an initial focus on renewables, and residential and commercial real estate development within the MENAT region. The Group employs about 15,800 people globally. Abdul Latif Jameel Group is proud of its award-winning and multi-faceted corporate social responsibility programs operated independently as Abdul Latif Jameel Community Initiatives (ALJCI). www.alj.com & www.aljci.org

 

For media enquiries:

Natali Fahmi

FedEx Express Middle East

+9714 309 1232                     

natali.fahmi@fedex.com



[1] Saudi Arabia General Investment Authority: https://www.sagia.gov.sa/en/Key-sectors1/Transport-and-Logistics/

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