One of the leading providers of integrated logistics, Agility, said that it will be developing 90ha of new warehousing spaces on the existing land under management in Kuwait.
The development is expected to be gradual over a period of three years. This development is expected to require around KWD70mn, with a return of 15%, the company said in a statement on Dubai Financial Market.
The value of the investment will be reflected on the company’s financials over the period of the development, it added.
In March this year, Agility acquired a two-story warehouse close to Changi International Airport, giving it more than 60ha of warehouse space in total in Singapore.