DHL invests $130 million to launch a logistics center in Riyadh
Shipping company plans "DHL DHL" To invest 130 million euros ($150 million) in Logistics Center in Riyadh, as part of its efforts to expand into Saudi Arabia, which is a regional trade gateway.
Orkun Saruhanoglu, CEO of Supply Chain at "DHL" Middle East and Africa, in a press interview, said that the Shippingbeing built in the integrated logistics zone next to King Khalid International Airport in Saudi Arabia will open by 2027.
The new center, with an area of 78 thousand square meters, will serve customers "DHL" In the technology, e-commerce, automotive and other fast-growing sectors in Saudi Arabia.
Saruhanoglu explained in an online interview on Saturday: "This is just the first step of our group’s €500 million investment" In the Middle East. He added: "Most of our global and regional clients are already located in Saudi Arabia"
He stated that the customs corridor to King Khalid International Airport could reduce customs clearance times, while some global customers are considering moving more regional distribution centers to Saudi Arabia.
This step comes within Saudi efforts to attract foreign investment and develop Logistics services, and positioning the Kingdom as a commercial center linking Asia, Europe, and Africa.
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