Saudi Arabia — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company appointed SAB Express (SAB) as the global service provider for its international services, connecting Saudi Arabia with more than 220 countries and territories.
“SAB has been a long-term service provider to TNT business in Saudi Arabia, and following TNT’s acquisition by FedEx, SAB Express became the licensee of FedEx Express in this dynamic market,” said Sheikh Salah Al Bluewi, Chairman and CEO, SAB Express.
“With SAB Express as FedEx licensee in Saudi Arabia, we are leveraging their comprehensive expertise in delivering an outstanding service across the country and building on our mutual strengths to connect customers to possibilities around the world.” said Jack Muhs, regional president of FedEx Express Middle East, Indian Subcontinent and Africa. “Together, we will ensure that we continue to support the growth of the GCC’s largest logistics market with a connected road network, world-class shipping solutions, access and enhanced connectivity,” he continued.
FedEx Express operates its extensive Middle East Road Network, connecting Saudi Arabia directly to the UAE, Bahrain, Kuwait, Oman and Jordan. According to the Global Insight Report, in 2018, these six countries accounted for US $1.5 trillion in gross domestic product. FedEx Middle East Road Network offers customers day and time definite services with the fastest transit times for road-based delivery.
With a rapidly developing airport, maritime, railway and road infrastructure, Saudi Arabia’s logistics market is valued at US $18 billion and is expected to reach US $25 billion by 2020. Cargo growth and industry investment is set to continue growing too. A special economic zone is under development at the King Khalid International Airport in Riyadh, focusing on integrated logistics.
About SAB Express
SAB Investment is a highly successful business conglomerate with diversified business interests in real estate properties, construction and development, media and digital technology, medical services and logistics. The business was founded by the Chairman and Group Chief Executive Officer, Sheikh Salah Al Bluewi and is headquartered in Jeddah, Saudi Arabia, with offices in London, Dubai and Cairo.
SAB Express was established in 1998 to operate as TNT Express in the Kingdom of Saudi Arabia. With the acquisition of TNT Express by FedEx Express, SAB Express now serves both brands as a service provider in the Kingdom. Under the FedEx brand, SAB is also the service provider for FedEx Trade Networks Transport & Brokerage, Inc.
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 for time specific, and time-sensitive shipments 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 $70 billion, the company offers integrated business solutions 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 450,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.
 https://www.reuters.com/article/us-saudi-economy/saudi-arabia-to-set-up-special-economic-zone-at-riyadh-airport-spa-agency-idUSKCN1MV0KD© Press Release 2019
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