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RIYADH: China’s JD Logistics has launched a regional operations center in Riyadh, enabling same-day and next-day deliveries across ������Ƶ through its self-operated express service, JoyExpress.

The new 8,000-sq.-meter smart warehouse — JD’s first in the region — will serve as a logistics base for its business-to-consumer delivery network, supported by advanced automation and a robust supply chain infrastructure, the company said in a press release. 

The facility is expected to meet rising consumer demand in ������Ƶ, with a report released in April Research and Markets showed showing that the Kingdom’s e-commerce market is expected to grow at a compound annual growth rate of 12.10 percent during the period from 2025 to 2033, to reach $68.94 billion.

Rayan Al-Bakri, deputy minister for Logistics Services at ������Ƶ’s Ministry of Transport and Logistics Services, said: “JINGDONG Logistics’ investment in ������Ƶ aligns with our national vision to become a global logistics hub.”  

He added: “We welcome the company’s advanced self-operated express delivery services, which we believe will not only elevate service standards in the Kingdom but also create new opportunities for employment, innovation, and industry development in support of Vision 2030.” 

������Ƶ’s National Logistics Strategy aims to position the Kingdom as a leading global logistics hub by enhancing infrastructure, fostering economic growth, and ensuring integration across various modes of transport. 

During the launch, JD Logistics Vice President Wang Ying announced that the company’s services will cover most regions of the Kingdom, the Saudi Press Agency reported. 

������Ƶ’s Courier, Express, and Parcel market is expanding rapidly, fueled by a digitally savvy population and the ongoing rise of e-commerce. 

According to a report by Mordor Intelligence, the Kingdom’s Courier, Express, and Parcel market is projected to grow at a compound annual growth rate of 6.48 percent from 2025 to 2030, with the B2C segment already comprising 56 percent of the market value in 2024. 

“The launch of JoyExpress marks a key milestone in JD.com’s international journey and business development in ������Ƶ,” said Charlie Peng, head of Middle East at JD Logistics. 

He added: “JINGDONG Logistics will provide leading edge services to our customers in ������Ƶ and importantly, align with ������Ƶ’s Vision 2030 strategy with its focus on logistics and job creation.” 

The launch comes amid a broader wave of international investment in ������Ƶ, aligned with the Kingdom’s regional headquarters program. 

The initiative offers incentives including a 30-year corporate income tax exemption, withholding tax relief, and regulatory support for multinationals operating in the Kingdom. 

In March, SPA reported that 600 foreign companies have established regional headquarters in the Kingdom since 2021. 

Notable firms include BlackRock, Northern Trust, and Bechtel, as well as PepsiCo, IHG Hotels & Resorts, PwC, and Deloitte.

RIYADH: Jordan recorded an increase in company registrations during the first five months of 2025, rising by 35 percent compared to the same period in 2019 and 13 percent up on 2024. 

A total of 2,980 companies were registered between January and May, compared to 2,213 in the same months of 2019 and 2,635 in 2024, according to the state-run Petra news agency.

The total capital associated with these newly registered companies exceeded 130 million Jordanian dinars ($183.3 million).

The robust economic rebound comes after Fitch affirmed Jordan’s long‑term foreign‑currency issuer default rating at “BB‑” with a stable outlook in May, citing macroeconomic stability, progress in fiscal and economic reforms, and resilient financing sources such as a liquid banking sector.

Limited liability companies represented the majority of these new businesses, with 2,158 entities accounting for 72.4 percent of the total. These firms registered a combined capital of more than 48 million dinars during the reporting period. 

The data also pointed to a steep drop in the number of companies that were dissolved or deregistered. Only 478 companies ceased operations between January and May.

This marks an 84 percent decline compared to the 2,390 closures recorded in the same period in 2019 and a 46 percent decrease from the 878 closures registered in 2024.

There was a substantial increase in the net capital growth of companies. Net capital increases between January and May stood at 727 million dinars, representing a 1,133 percent rise compared to the 85 million dinars reported in the same period of 2019.

Compared to 2024, which saw net capital increases of 229 million dinars, this reflects a 293 percent growth.

Petra reported that the number of companies opting to reduce their capital dropped significantly to 127 in 2025, down from 243 in 2019.

Some 750 companies raised their capital during the first five months of the year, more than double the 288 capital increases registered over the same months in 2019.

The data suggests a robust rebound in entrepreneurial activity and investor confidence in Jordan, reflecting broader economic stabilization and growth trends.