Doha, Doha Information – Might 14, 2024: Doha Information Loose Zones Authority (QFZ) and FedEx Logistics, a subsidiary of FedEx Company (NYSE: FDX), signed a Memorandum of Figuring out (MoU) to facilitate the status quo of a regional logistics facility in Doha Information’s unfastened zones. The power, which can perform beneath the corporate’s FedEx Industry Networks Delivery & Brokerage department, can be situated at Ras Bufontas Loose Zone and can come with a state of the art logistics administrative center.
The MoU used to be signed by means of Sheikh Mohammed H. F. Al-Thani, CEO of Doha Information Loose Zones Authority (QFZ), and Patrick Moebel, President and CEO of FedEx Logistics, in a rite that came about at the sidelines in their participation on the Doha Information Financial Discussion board, following a productive panel dialogue titled ‘Connecting to the Shifting Global Supply Chain Network’ that introduced in combination QFZ and FedEx Logistics.
The brand new facility will lend a hand proceed to enhance the growth of FedEx Logistics with seamless integration into the FedEx world community, serving as a key gateway for global shipment transition within the area between Asia and Europe.
The positioning of the FedEx Logistics facility in Ras Bufontas Loose Zone, adjoining to the award-winning Hamad World Airport and Doha Information Airlines, will supply enhanced get right of entry to to air transportation and freight, environment friendly customs processing time, comfort, and the chance to develop industry within the area.
At the instance of the signing, Sheikh Mohammed H. F. Al-Thani, CEO of Doha Information Loose Zones Authority (QFZ) mentioned: “The collaboration between QFZ and FedEx Logistics will help accelerate the flow of goods and strengthen supply chains, benefitting economies on a global scale”. Sheikh Mohammed added: “The FedEx Logistics investment in QFZ reflects a shared commitment to growth and innovation within the logistics sector. The collaboration leverages the world-class expertise and global network of FedEx and will undoubtedly contribute to highlighting Qatar as a preferred business destination.”
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“The regional facility in QFZ will enable us to better serve our customers not just in the region between Asia and Europe, but also around the world,” mentioned Patrick Moebel, President and CEO, FedEx Logistics: “We are proud to collaborate with QFZ to establish a facility that allows FedEx Logistics to expand while continuing to deliver for our customers by helping them navigate global commerce with the guidance of regional expertise.”
Kami Viswanathan, President of FedEx Specific Center East, Indian Subcontinent and Africa mentioned: “With the establishment of the FedEx Logistics regional facility in Qatar’s Free Zones, we are not only enhancing our global network, but also reaffirming our commitment to Qatar’s burgeoning role in cross-border trade and supporting the growth of the state’s national economy. Together with QFZ, we are furthering our shared vision for innovation, efficiency, and growth in this dynamic market. We are excited to be at the forefront of this transformative journey and shaping the future of logistics in Qatar.”
Positioned on the center of the Gulf on the intersection of 3 continents, and with get right of entry to to 60% of the arena’s inhabitants inside 8 hours flying time and 5 days crusing time, the freight and logistics marketplace in Doha Information has been rising often. This in conjunction with the continuing enlargement of air and seaports are positioning Doha Information to be a logistics chief.
About FedEx Logistics:
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FedEx Logistics performs a key position throughout the FedEx portfolio, connecting a overwhelming majority of the arena’s gross home product (GDP) with its complete suite of uniqueness logistics answers. The corporate supplies air and ocean freight forwarding, provide chain answers, customs brokerage, and business control gear and information from a unmarried relied on supply. For more info, consult with fedex.com/logistics.
About Doha Information Loose Zones Authority (QFZ):
Doha Information Loose Zones Authority (QFZ) used to be established in 2018 and introduced comfortable operations in 2020 to supervise and keep an eye on world-class unfastened zones in Doha Information and safe mounted investments throughout the zones. QFZ provides exceptional alternatives and advantages for companies in quest of to determine operations and amplify domestically and globally, offering high quality infrastructure, a talented group of workers, 100% international possession, get right of entry to to funding price range, tax exemptions and partnership alternatives with Qatari entities.
For more info on QFZ, consult with https://qfz.gov.qa/.
