FedEx Drives Economic Impact Across the Middle East Through Large-Scale Investments
FedEx Corp. released its annual economic impact report. In the Middle East, Indian Subcontinent and Africa (MEISA), FedEx directly contributed 0.1% to the net economic output of the region's Transportation, Storage, and Communications sector in 2024.
FedEx Corp. released its annual economic impact report, analyzing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year. In the Middle East, Indian Subcontinent and Africa (MEISA), FedEx directly contributed 0.1% to the net economic output of the region's Transportation, Storage, and Communications sector in 2024. In addition, FedEx indirectly contributed an estimated US$280 million to the region’s overall economy in FY 2024.
“At FedEx, we are committed to supporting the impressive growth and transformation happening across the Middle East,” said Kami Viswanathan, regional president, FedEx MEISA.
A key highlight is the launch of the state-of-the-art FedEx hub at Dubai World Central (DWC) Airport in Dubai South, which marks the company’s long-term investment of more than US$350 million into the UAE economy through infrastructure and technological advancements in the facility. The 57,000-square-meter hub features automated sort systems that process packages more efficiently and accurately, sustainable technologies such as energy-efficient systems and electric charging stations for FedEx and employee vehicles, and a 170-square-meter cold storage area to accommodate temperature-sensitive shipments. These features position the hub to boost the aviation and logistics sectors while solidifying Dubai's role as a critical center for regional and international trade.
In addition, FedEx introduced new solutions to help SMEs and businesses in the Middle East elevate their shipping strategies and expand global trade opportunities. FedEx also contributed to the region’s sustainability initiatives by adding electric vehicles to its UAE fleet in FY 2024 and introducing FedEx® Sustainability Insights, a tool which allows customers to estimate the carbon footprint of their shipments within the FedEx network, supporting their own emissions reporting. FedEx team members also drove positive social impact by giving back to their communities through projects in 13 cities across MEISA. For example, in Ramadan, 100 FedEx team members in the UAE and Egypt packed more than 2,300 food hampers for those in need.
