QFZ, FedEx logistics sign MoU to establish regional logistics facility in Qatar

QFZ, FedEx logistics sign MoU to establish regional logistics facility in Qatar

Qatar Free Zones Authority (QFZ) and FedEx Logistics, a subsidiary of FedEx Corporation (NYSE: FDX), signed a Memorandum of Understanding (MoU) to facilitate the establishment of a regional logistics facility in Qatars free zones.The MoU was signed by HE CEO of Qatar Free Zones Authority (QFZ), Sheikh Mohammed bin Hamad bin Faisal Al-Thani, and President and CEO of FedEx Logistics, Patrick Moebel, in a ceremony that took place on the sidelines of their participation at the 4th Qatar Economic Forum.The location of the FedEx Logistics facility in Ras Bufontas Free Zone, adjacent to the award-winning Hamad International Airport and Qatar Airways, will provide enhanced access to air transportation and freight, efficient customs processing time, convenience, and the opportunity to grow business in the regionThe new facility will help continue to support the expansion of FedEx Logistics with seamless integration into the FedEx global network, serving as a key gateway for international cargo transition in the region between Asia and Europe.On the occasion of the signing, Sheikh Mohammed bin Hamad bin Faisal Al-Thani said: "The collaboration between QFZ and FedEx Logistics will help accelerate the flow of goods and strengthen supply chains, benefitting economies on a global scale."The FedEx Logistics investment