FedEx Express and Saudi Export Development Authority sign a collaboration agreement

FedEx Express and Saudi Export Development Authority sign a collaboration agreement

Saudi Arabia: FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, signed a collaboration agreement with the Saudi Export Development Authority, represented by the "Made in Saudi" program, to be one of the logistics solutions providers for the authority’s customers.

The "Made in Saudi" program is one of the National Industrial Development and Logistics (NIDLP) programs led by the Saudi Export Development Authority. The program aims to enhance the image of the Kingdom's exports and make national products the preferred choice for consumers locally, regionally, and globally. The collaboration underpins FedEx commitment to supporting the Kingdom’s non-oil economic growth through international trade, in line with Saudi Arabia’s Vision 2030 goals to diversify the country’s economy.

Eng. Abdulrahman Althukair, CEO of the Saudi Export Development Authority, indicated that the Authority is keen, through the “Made in Saudi” program, to enhance effective strategic partnerships with the public and private sectors. The aim of such public-private partnerships is to support the Authority’s goals to improve the efficiency of exports; help exporters expand and reach new global markets; and contribute to the Kingdom’s Vision 2030 to increase the country’s non-oil exports to 50% of non-oil GDP.

“FedEx is committed to