https://arab.news/6a5v3
RIYADH: China鈥檚 JD Logistics has launched a regional operations center in Riyadh, enabling same-day and next-day deliveries across 萝莉视频 through its self-operated express service, JoyExpress.
The new 8,000-sq.-meter smart warehouse 鈥� JD鈥檚 first in the region 鈥� 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 萝莉视频, with a report released in April by Research and Markets showing that the Kingdom鈥檚 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 萝莉视频鈥檚 Ministry of Transport and Logistics Services, said: 鈥淛INGDONG Logistics鈥� investment in 萝莉视频 aligns with our national vision to become a global logistics hub.鈥�
He added: 鈥淲e welcome the company鈥檚 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.鈥�
萝莉视频鈥檚 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鈥檚 services will cover most regions of the Kingdom, the Saudi Press Agency reported.
萝莉视频鈥檚 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鈥檚 CEP 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.
鈥淭he launch of JoyExpress marks a key milestone in JD.com鈥檚 international journey and business development in 萝莉视频,鈥� said Charlie Peng, head of Middle East at JD Logistics.
He added: 鈥淛INGDONG Logistics will provide leading edge services to our customers in 萝莉视频 and importantly, align with 萝莉视频鈥檚 Vision 2030 strategy with its focus on logistics and job creation.鈥�
The launch comes amid a broader wave of international investment in 萝莉视频, aligned with the Kingdom鈥檚 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.