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15-06-20
Kuwait- Agility to create investment project in Sabah Al Ahmed city
(MENAFN)
Agility Public Warehousing, dually mentioned on Boursa Kuwait and the Dubai Financial Market (DFM), has signed a deal with the Kuwaiti Public Authority for Housing Welfare (PAHW) to create an investment project.
Under the contract, Agility will advance industrial and storage zones spanning over 1.2 million square meters in Sabah Al Ahmed residential city, as stated by the company's disclosure to Boursa Kuwait on Sunday, June 14th.
The project agreement includes a 30-year investment period starting from the date of launching commercial operations.
In the previous year, the company's net profits grew by 7 percent on an annual basis KWD 86.8 million (about 281 million U.S. dollars), compared to KWD 81.1 million (about 263 million U.S, dollars) in 2018.
MENAFN1506202000450000ID1100324845
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