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Mubasher: Agility Public Warehousing, dually listed on Boursa Kuwait and the Dubai Financial Market (DFM), has signed an agreement with the Kuwaiti Public Authority for Housing Welfare (PAHW) to develop an investment project.
Under the agreement, Agility will develop industrial and storage zones spanning over 1.2 million square metres in Sabah Al Ahmed residential city, according to the company's disclosure to Boursa Kuwait on Sunday.
The project agreement involves a 30-year investment period starting from the date of launching commercial operations.
In 2019, the company's net profits grew by 7% year-on-year (YoY) to KWD 86.8 million, compared to KWD 81.1 million in 2018.
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