Aramex recorded revenue growth by 18 per cent year-on-year, AED 1.59 billion in the third quarter of 2024, led by domestic express by 27 per cent and freight forwarding by 22 per cent. GCC region posted 21 per cent YoY revenue growth making it the major contributor by delivering a strong performance throughout the year, Othman Aljeda, CEO, Aramex, said. “We are seeing changes in our industry with e-tailers and brands nearshoring activities and bringing inventories closer to demand centers and to end consumers in our home markets. This means that we are seeing increased volume flows towards services such as domestic express and warehousing and fulfillment, in addition to forwarding and international express. The investments we are making across infrastructure, technology, and capabilities in each of our four products, are providing Aramex with a competitive edge in this new market environment,” he added.
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