My story with Agility is government story

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It is assumed that Kuwait is a capitalist country, in terms of system, style, history and constitution, but in reality it looks like a socialist country, where the government owns all of its coasts, other than simple areas. It also owns all lands that are supposed to be oil producing areas or have oil or gas reserves. It owns all territorial waters, all agricultural, pastoral and environmental lands, all lands designated for light and heavy industries, all industrial workshops and vehicle repair, central markets and public warehouses, and even most of the lands on which resorts, health clubs, most hospitals, and malls are built, such as Souk Sharq, Marina Mall, 360 and others. It means almost 99% of the area of Kuwait, which is 18 thousand square kilometers, belongs to the government.

Ahmad-Al-Sarraf

Due to the laxity, lack of experience, and inability of the state’s administrative apparatus, the government, at various stages, handed over parts of its property to the private sector, in order for it to prepare and spend on it to serve various uses, and huge areas were assigned in what sometimes resembles a gift, or by mutual consent, or by the “BOT” system provided that the project and what it was built on return to the state after a certain period of time. As for the bulk of the land, the government has leased it, since the end of the 1950s to individuals and companies for use as warehouses, showrooms, and car workshops in Shuwaikh, Al-Rai, and others. With the increase in the need for storage spaces, and the inability of the Public Authority for Industry to meet the demands, the government established in 1979 the Public Warehousing Company, whose name later became “Agility”, to rent large areas of state land, to reclaim them, with the infrastructure, to lease them to others, and to make a profit to its shareholders.

With the increasing laziness and inability of the Public Authority for Industry, other lands were handed over to public warehouses to manage them, without pressure from any party. For a well-known reason, the government decided to increase the income from its lands leased to citizens in the form of storage, chalets, farms, and industrial workshops. It also decided, for unknown reason to me, to cancel the warehouse lease contracts with Agility, increase the rents on them, and perhaps replace them by leasing them to others. It’s still legal and hasn’t expired.

The Public Authority for Industry has tens of millions of unexploited square meters of land, and other ministries have similar lands that they do not need, and several public jointstock storage companies can be established to compete with Agility, and this will positively affect rental prices and they will decrease, in the interest of the consumer, so what prevents the government from doing so instead of resorting to seizing the lands of “Agility” and harming its shareholders? I repeat my lost love for “Agility”… but I am with the truth! For your information “Agility” is a joint stock company, with nearly 600 representative offices in 120 countries, to provide logistics, warehousing and infrastructure services to various sectors, governments and the United Nations agencies, and it has 32,000 employees, and annual revenues exceeding $6 billion.

It also achieved impressive results for its shareholders, so that its shares became the best in the market, and its name became a global brand, and the government could completely acquire it, if it desired, as it has its own means, but it is not permissible to harm it and its shareholders, when it is at the pinnacle of its success.

A final note: I do not have a single dinar invested in this company, and there is a “wad missing” between me and it, but the right is more important to follow.

By Ahmad alsarraf
e-mail: [email protected]

This news has been read 64518 times!

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