DHL eCommerce has acquired a minority stake in Ajex Logistics Services, expanding its presence in Saudi Arabia's fast-growing parcel market, reported New York's FreightWaves.

The deal forms part of DHL Group's US$570 million Middle East expansion strategy, which includes its Express, Forwarding and Supply Chain divisions. Ajex is owned by Ajlan & Bros Holding Group.

DHL said the investment positions it to benefit from double-digit growth in Saudi Arabia's e-commerce sector, driven by a young, digitally native population and projected annual retail growth of 4.6 per cent through 2027.

Ajex began operations in 2021 and has built a network of over 60 facilities, 1,200 vehicles and 2,000 employees. All three figures have grown by 20 to 30 per cent since the start of the year.

DHL eCommerce said its global reach and logistics expertise will help Ajex customers access faster and more innovative delivery services across the Middle East.

Ajex CEO Mohammed Albayati said the partnership will power the region's e-commerce growth and improve service quality for customers.

DHL eCommerce will have representation on Ajex's management board and retains the option to increase its stake to a majority position in the future.