Deal to establish a regional logistics facility in Qatar’s Free Zones
Qatar Free Zones Authority (QFZ) and FedEx Logistics recently signed a Memorandum of Understanding (MoU) to facilitate the establishment of a regional logistics facility in Qatar’s free zones.
The facility, which will operate under the company’s FedEx Trade Networks Transport & Brokerage division, will be located at Ras Bufontas Free Zone and will include a state-of-the-art logistics office.
The MoU was signed by Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, CEO, Qatar Free Zones Authority (QFZ), and Patrick Moebel, President and CEO, FedEx Logistics, in a ceremony that took place on the sidelines of their participation at the Qatar Economic Forum, following a productive panel discussion titled ‘Connecting to the Shifting Global Supply Chain Network’ that brought together QFZ and FedEx Logistics.
Seamless integration
The new facility will help continue to support the expansion of FedEx Logistics with seamless integration into the FedEx global network, serving as a key gateway for international cargo transition in the region between Asia and Europe.
The location of the FedEx Logistics facility in Ras Bufontas Free Zone, adjacent to the award-winning Hamad International Airport and Qatar Airways, will provide enhanced access to air transportation and freight, efficient customs processing time, convenience, and the opportunity to grow business in the region.
“The collaboration between QFZ and FedEx Logistics will help accelerate the flow of goods and strengthen supply chains, benefitting economies on a global scale,” affirmed Sheikh Mohammed Al-Thani.
“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,” he added.
Better serving customers
“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,” asserted Moebel.
“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,” stated Kami Viswanathan, President of FedEx Express Middle East, Indian Subcontinent and Africa.
Located at the heart of the Gulf at the intersection of three continents, and with access to 60% of the world’s population within eight hours flying time and five days sailing time, the freight and logistics market in Qatar has been growing steadily. This along with the continued expansion of air and seaports are positioning Qatar to be a logistics leader, a press communique concluded.
