FedEx invests $350 million at Dubai World Central Airport.
- FedEx Express, a subsidiary of FedEx Corp announced the investment of USD350 million into the Dubai World Central Airport.
- The investment aims to increase the presence of the company in the region and global reach, planning to reach 45% of the world’s population which is in the MESIA region.
- Vision2040 is a big reason why the UAE places effort in these projects, securing the nation’s economic diversification according to His Highness Sheikh Ahmed bin Saeed Al-Maktoum.
FedEx, the world’s largest express transporting company, announced its plans in the Middle East with an investment of USD350 million into the Dubai World Central Airport.
The investment will go into the Airport through infrastructure and technological advancements, aiming to increase the UAE’s foreign trade in line with its National Agenda for Non-oil Export Development or Vision 2040.
Quotes about the FedEx investment:
His Highness Sheikh Ahmed bin Saeed Al-Maktoum announced that:
The inauguration of the FedEx MEISA hub in Dubai South is a strategic milestone for Dubai’s aviation and logistics sectors, consolidating the emirate’s robust infrastructure, key location, and ongoing efforts to enhance global reach.
As we continue to strengthen Dubai’s position as a leading business hub, this new facility underscores our commitment to supporting the growth of trade and commerce, aligning perfectly with our vision for economic diversification and innovation-led development.”
FedEx Express President and CEO, Richard Smith said “The establishment of our new hub in the UAE is a strategic move that significantly boosts our presence and capabilities in the MEISA region.”
He added “This investment is not just about expanding our network; it’s about enhancing the region’s connectivity and playing a key role in facilitating trade and commerce across the world,”
He also stated that “Given the UAE’s current status among the top five countries in global re-export operations, our regional hub not only aims to serve the MEISA region, which accounts for about 45% of the world’s population but is also a crucial part of our global air network that connects 220 countries and territories.”
