E-commerce will certainly have 6 fulfilment centres as well as 13 shipment terminals throughout the kingdom by the end of this year
Ecommerce giant Amazon is producing greater than 1,500 jobs in Saudi Arabia.
The company will open 11 brand-new buildings throughout the kingdom, as it expands its network to six fulfilment centres to house goods and also 13 delivery stations from which parcels are dispatched. It currently has 3 fulfilment centres in Riyadh and Jeddah.
“These new investments state our commitment to Saudi Arabia, adding to the neighborhood economy via the development of brand-new task possibilities,” Amazon’s Middle East as well as North Africa director of procedures, Prashant Saran, said.
Saudi Arabia was ranked 6th in Agility’s yearly Emerging Markets Logistics Index last month. According to the kingdom’s internal investment firm, Invest Saudi, the logistics market was forecast to reach 94 billion Saudi riyals ($25bn) last year.
Amazon, which in 2015 enhanced net profit by 84 per cent to $21.3 bn as earnings grew 38 percent to $386.1 bn, claimed its financial investment in the kingdom will boost its storage ability by 89 percent, covering a floor location of more than 80,000 square metres. By the end of this year, it will certainly likewise increase its shipment coverage location in the kingdom by 58 percent.
The business introduced its Amazon.com Prime solution, which offers same day and following day delivery, in the kingdom in January.
“Our investments in technology and also facilities line up with Saudi’s digital change objectives, making it possible for world-class fulfilment offerings to our independent seller companions, and also much faster shipment on a broadened product option to our clients,” Mr Saran stated.