Qatar Free Zones Authority (QFZ) and FedEx Logistics have signed a memorandum of understanding (MoU) to create a regional logistics facility in the Ras Bufontas Free Zone in Qatar.
The free zone is adjacent to Hamad International Airport and Qatar Airways, meaning the new facility will provide enhanced access to air transportation and freight, efficient customs processing time, more convenience and the opportunity to grow business in the region.
Sheikh Mohammed H F Al-Thani, CEO of QFZ, said at the MoU signing on May 14, “The collaboration between QFZ and FedEx Logistics will help accelerate the flow of goods and strengthen supply chains, benefitting economies on a global scale.
“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.”
According to Patrick Moebel, president and CEO of FedEx Logistics, the new regional facility will allow the company to better serve customers not just in the region between Asia and Europe but also around the world. “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,” he added.