Kuwait’s Agility signs $340mln 30-year PPP deal

  • Date: 10-Sep-2020
  • Source: Zawya
  • Sector:Economy
  • Country:Kuwait
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Kuwait’s Agility signs $340mln 30-year PPP deal

Kuwait-based Agility Public Warehousing Company KSCP has announced the value of its public private partnership with Public Authority for Housing Welfare (PAHW), at KD 104 million ($340 million).Under the agreement, first revealed in January, the public warehousing company, a fully owned subsidiary of Agility, provides for the development of 1.2 million sqm of last as industrial and storage zones, plus labor camp, in Sabah Al Ahmed Residential Area, for a period of 30 years."The investment in this project is around KD 104 million,“ the company said in a statement to Dubai Financial Market.(Writing by Imogen Lillywhite; editing by Daniel Luiz)([email protected])Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security,