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Investing.com -- DHL Group plans to invest more than €500 million ($571.3 million) in the Middle East through 2030, focusing on the growing Gulf markets of Saudi Arabia and the United Arab Emirates.
The investment will cover all four of the company’s divisions and aims to strengthen logistics infrastructure across the region, the company said.
"The Middle East is emerging as a vital trade hub, facilitating commerce between Asia, Europe, and the U.S. while serving as a gateway to Africa," DHL stated.
According to the logistics firm, the region’s growth stems from two key factors: increasing investments from multinational companies expanding their operations, and the growth of exports from Gulf- and Middle East-based businesses.
The strategic investment highlights DHL’s commitment to expanding its presence in markets with significant trade potential.
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