Categories: Business

Kuwait’s Agility to invest $60m to modernize Suez Canal Economic Zone


Mon, 2022-10-03 17:28

RIYADH: Kuwaiti supply chain firm Agility Public Warehousing Co. has committed $60 million to build a customs and logistics center in Egypt’s Suez Canal Economic Zone.

Agility will work with SCZone on implementing its strategic vision in service, logistics, and support by setting up a technical and logistics arm that will automate customs processes and operations, according to a statement by the company.

The project is scheduled for implementation in the second half of 2023, and the statement added that the return on the investment “cannot be assessed at this time.”

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Israel’s seizure of Unrwa training college in East Jerusalem condemned

Israeli security forces have seized and closed a training college run by the UN agency…

35 minutes ago

Man completes half marathon after two heart attacks

Peter Franklin was fighting for his life in hospital after suffering a heart attack 24…

3 hours ago

Far-right Israeli lawmaker damages Palestinian memorial with sledgehammer

A far-right member of the Israeli parliament has badly damaged a Palestinian memorial with a…

3 hours ago

Solihull mum’s perforated bowel ordeal after scan error

Just days after the birth, she began to suffer severe pain and swelling in her…

6 hours ago

‘Game changer’ study seeks answers for heavy periods and endometriosis

The study will recruit participants from two long-running birth cohort studies: Children of the 90s…

6 hours ago

India’ Space Industry Enters New Era as Startups Chase Capital, Customers and Global Ambitions

When Skyroot Aerospace’s Vikram-1 lifted off on July 18, it marked a defining moment for…

6 hours ago