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Friday , November 22 2019

Agility Kuwait invests $100 mln in logistic technology sector

KUWAIT CITY, Dec 10, (KUNA): Agility Public Warehousing Company (KSC) announced Monday investing $100 million for the next three years in logistic technology sector, via launching a digital platform to manage electronicallylinked operations.

It added in an statement published on Boursa Kuwait website that the platform comes as part of the company’s plan of digital transformation, and would offer help to small companies, business owners and consumers to manage their logistic operations online.

This investment would work in meeting the clients’ needs and contribute to developing electronic trading activities, cargo and digital trade, and would positively reflect the user company, it added. Agility was established back in 1979 and was listed in Boursa Kuwait in 1984, with a declared capital of KD 153 million.

Agility got its start as a local warehousing provider in Kuwait and grew to become the largest logistics company in the Middle East. It acquired more than 40 logistics brands around the world, some in business since the mid-1800s. It is one of the world’s largest integrated logistics providers and the largest private owner and developer of industrial real estate in the Middle East and North Africa.

By Fawaz Karami and Agencies

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