[Billion Power News] March 13 news, the Middle East express company Aramex announced a few days ago that it has expanded again in Saudi Arabia and acquired Saudi TAL for US$80 million, but did not disclose any details about the size and business activities of Saudi TAL. .

The relevant person in charge of Aramex emphasized that Saudi Arabia is the company's largest market in the Middle East and has huge growth potential. The company's acquisition of Saudi TAL supports Saudi Arabia's Vision 2030, which aims to encourage private sector investment to diversify the economy. In addition, the acquisition is in line with the company's strategy to develop a leaner, more efficient business in all markets in which the company operates, allowing the company to focus on upgrading "last mile" delivery with innovative solutions to build better customers experience.

It is reported that Aramex has 221 stores in Saudi Arabia with a total processing area of ​​67,000 square meters and a total of 3,100 employees.

In August 2018, Aramex entered into a strategic partnership with Al-Dawaa Medical Services, the exclusive owner of Al-Dawaa Pharmacy with a nationwide distribution network. Middle East Express can set up service centers in 20 Al-Dawaa pharmacies, and Middle East Express will also set up service centers in hundreds of Al-Dawaa pharmacies in the second phase.

In February, Aramex also launched its crowdsourcing solution, Aramex Fleet, in Saudi Arabia. Solve the "last mile" delivery service through a crowdsourced sharing economy platform.