FedEx Expands in Riyadh to Create New Middle East Hub (1)

FedEx Corp. has launched a regional office in Riyadh and secured a Saudi economic license to operate as a foreign air carrier, deepening its bet on the kingdom as a rising logistics power in the Middle East.

The site will oversee business across the kingdom, Bahrain and Kuwait, company representatives said at an event in Saudi Arabia.

Operations are expected to include 24 monthly cargo flights through King Khalid International Airport in Riyadh, establishing the capital as a central node linking Europe, Asia and the Americas.

The move marks FedEx’s transition to an independent operator in Saudi Arabia after the ...