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

editor1

Editor

posted on 2 years ago — updated on 1 second ago

82
views

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.”

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.

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.”

This article originally appeared on Arab News and Fetch With Intels News Feed Content Fetcher

Jubail Al-Ahsa Al-Kharj Taif Qatif oil Dammam Abha Asir Yanbu islam jobs sports Khalij times gulf news saudi gazette Riyadh Tabuk Mecca Medina AlMadinah Jeddah Makkah Hail Eastern King Abdullah jobs in Saudi work in saudi arabia umrah Hajj،عرب نيوز

editor1

Intels News is known for its in-depth, investigative reporting and provocative analysis. Our world-class journalists bring objective reporting and accountability to stories that have broad impact on people's lives. Intels News is a nonprofit organization delivering independent news across multiple platforms and by partnering with the public media community.