The investment will go into talent management, local operations and infrastructure, the company said in a statement.
The world’s largest express transportation company is moving to a direct-serve presence as part of its commitment to the Kingdom's non-oil economy.
The company's investment, in line with Saudi's Vision 2030 goals and the ‘National Industrial Development and Logistics Program’, seeks to increase non-oil exports to more than SR1 trillion (approximately $266 billion).
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