Abdul Latif Jameel Transport Ltd. to build its first bonded hub facility at Dammam Airport
Abdul Latif Jameel Transport Ltd., licensee of FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, signed an agreement with civil aviation authorities at King Fahad International Airport, Dammam on Nov. 4 to build its first 5000-square- meter bonded hub facility.
Abdul Latif Jameel Transport Ltd. will relocate its clearance facilities for Express Trucking Shipments from Al Batha Border to Dammam Airport. An on-site customs office will allow a significant improvement in clearance times, ensuring faster transit times for customers.
According to the Saudi Arabia General Investment Authority, the country’s demand for international cargo is expected to grow by 5% and 7% – 8% for air and sea cargo, respectively, through 2020*. Presence at Dammam free zone will play a vital role in this upcoming growth, equipping Abdul Latif Jameel Transport Ltd. to cater to the increased business.
The signing event was attended by senior management from Civil Aviation, Abdul Latif Jameel and FedEx Express.
Those present included Mr. Yousef Al-Dhahri, director general KFIA; Mr. Sher Khan, managing director KFIA; Mr. Maher Hasbini, managing director operations, FedEx Express; Mr. Faisal Al-Samannoudi, vice chairman, Abdul Latif Jameel Commercial Development Company (CDC) and Mr. Marwan El Kashef, managing director, Abdul Latif Jameel Transport Ltd.
In January 2015, FedEx Express, the world’s largest express transportation company, appointed Abdul Latif Jameel Transport Ltd. as its authorized service provider in Saudi Arabia for its international services to and from 220 countries and territories.
*Saudi Arabia General Investment Authority: https://www.sagia.gov.sa/en/Key-sectors1/Transport-and-Logistics/