Saudi Arabia – FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, today announced the launch of its FedEx International Economy® and FedEx International Economy® Freight services in the Kingdom of Saudi Arabia. The deferred services will enable businesses in Saudi Arabia to expand their global reach in a cost effective and reliable way.

FedEx International Economy® and FedEx International Economy® Freight are affordable, cross-border, customs-cleared, door-to-door services with a day-definite delivery. The services allow customers to save on less time-sensitive deliveries of shipments up to 68kgs using FedEx International Economy®, as well as medium to heavy shipments ranging from 68kgs to 1,000kgs using FedEx International Economy® Freight, without compromising on reliability.

The FedEx International Economy services are ideal for small and medium-sized enterprises (SMEs) that are more thoughtful about the cost of running their business. Using these services, SMEs will benefit from the strong, global FedEx network paired with the company’s reliable services at a competitive price for non-urgent shipments.

“By 2030, Saudi Arabia’s SME sector is estimated to contribute to the country’s GDP by 35%[1], in line with the objectives of the country’s Vision 2030. The launch of our international economy services in the Kingdom is part of our continued efforts to provide businesses with a range of shipping solutions that offer more value, while contributing positively to the growth of local industries”, said Taarek Hinedi, vice president of FedEx Express Middle East and Africa operations.

The SME sector is seen as a crucial economic engine of Saudi Arabia and a critical new employment producer in the Kingdom.[2] As SMEs expand their footprint in the Middle East and North Africa region, it is reported that they are specifically searching for other shipping choices, such as economical deferred shipping services in addition to express services.[3]

Learn more about the FedEx International Economy services here.

-Ends-

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 revenue of $93 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 530,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit https://protect-eu.mimecast.com/s/CIuSC6BxyuV8ZLLoU6Gl0O?domain=fedex.com.

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 the delivery of time-sensitive shipments by a definite time and date.