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Home»Investment»FedEx invests $350 million in new hub in Dubai
Investment

FedEx invests $350 million in new hub in Dubai

The Elite Times TeamBy The Elite Times TeamFebruary 21, 2024No Comments3 Mins Read
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FedEx Express (FedEx), a subsidiary of FedEx and one of the world’s largest express delivery companies, expands its presence in the Middle East, Indian Subcontinent and Africa (MEISA) with the establishment of a state-of-the-art hub in Dubai World doing. Dubai Central (DWC) Airport in southern Dubai.

The facility was announced by Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports and Chairman and Chief Executive Officer of Emirates Airlines and Group, and Raj Subramaniam, President and Chief Executive Officer of FedEx. , opened by Richard W. Smith, president and chief executive officer of the airline and international division. Kami Viswanathan, President of FedEx Express and FedEx Express’s MEISA, said in an official release.

The regional hub will include more than $350 million in long-term investments focused on infrastructure and technology advancements. “This investment reaffirms our commitment to revolutionizing our operations with cutting-edge technology and innovative practices.”

Mr Smith said: “The establishment of our new regional hub significantly strengthens our presence and capabilities in the MEISA region. This investment is not just about infrastructure expansion; it is about improving regional connectivity. It will play an important role in contributing and facilitating global trade and commerce. Considering the role of the UAE and Dubai in global trade, our regional hub accounts for approximately 45 per cent of the world’s population and will play a key role in facilitating global trade and commerce. Not only is it aimed at serving the MEISA region, which includes major markets such as Saudi Arabia, but it is also an important part of global trade. Our global aviation network connects more than 220 countries and territories.”

Viswanathan added: “This hub is an important step towards our vision of building smarter, more sustainable supply chains for everyone. By integrating modern physical infrastructure with digital capabilities powered by artificial intelligence. Now we can offer our customers new capabilities to improve efficiency, redefine competitiveness and drive business growth, ultimately leading to a more connected and resilient global trade ecosystem. I can contribute.”

The 57,000 square meter facility incorporates advanced technology, including an automated sorting system that increases the efficiency, accuracy and speed of processing and distributing packages from the facility. The hub also includes his two automated high-speed X-ray machines to efficiently scan goods and enhance security, the release added. A dedicated refrigerated storage area of ​​170 square meters accommodates a wide range of temperature-sensitive cargo. The hub also features all-electric ground vehicles and charging stations for business and employee vehicles, in line with FedEx’s goal of becoming a carbon-neutral operation by 2040.

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