FedEx re-launches express solutions in Libya
FedEx Express has re-launched its express solutions in Libya through Takween for Airfreight Services.
Takween is now a licensed Federal Express Global Service Provider (GSP), responsible for offering a range of FedEx services to customers in Libya including import, export and customs clearance.
The firm feels Libya’s growing economy is likely to attract more foreign investors and wants to support the growth with its services. “Libya has great growth potential as the economy stabilises in the post-revolution era. Its growth is not only being spurred by the oil and gas sector, but also by other industries such as trade and construction,” said David Ross, senior vice president, Operation, FedEx Express Middle East, Indian Subcontinent and Africa. “As a big contributor to international trade, FedEx will significantly support Libya and its business community, enhancing flexibility and speed to market.”
According to The Economist Intelligence Unit, it is estimated that Libya’s trade surplus recovered from just $3.9 billion in 2011 to $34.1 billion in 2012. In addition, exports rose from $15 billion to $52.2 billion over the same period, owing to a rebound in oil output, and are expected to further rise to $81.7 billion in 2017.
FedEx has been active in Africa since the early 1990s, through a network of Global Service Providers.