Saudi Arabia, March 20, 2023 – 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% , 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. 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.