DHL Bets on Saudi Expansion With $150 Million Riyadh Hub
PositiveFinancial Markets

- DHL Supply Chain has announced a significant investment of €130 million ($150 million) to establish a logistics hub in Riyadh, Saudi Arabia, as part of the Kingdom's strategy to enhance its position as a regional trade gateway. This move aligns with Saudi Arabia's broader economic diversification efforts beyond oil dependency.
- The investment is expected to bolster DHL's operational capabilities in the region, facilitating improved supply chain solutions and logistics services. This development reflects DHL's confidence in Saudi Arabia's growing market potential and its strategic importance in global trade.
- This investment comes amid Saudi Arabia's ongoing initiatives to attract foreign investment and shift its economic focus towards technology and innovation. The Kingdom's recent partnerships and investment plans signal a transformative phase aimed at modernizing its economy, which may present further opportunities for international companies looking to engage in the region.
— via World Pulse Now AI Editorial System
