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Kuwait's Agility expands its regional presence into
Iraqi Kurdistan region
6.2.2008
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February 6, 2008
Dubai, -- Agility, the region's leading
global logistics provider, has further expanded its
presence in the region with a joint partnership that
opens up its operations in the semi-autonomous
Kurdistan region in 'northern Iraq'.
Agility Kurdistan Limited will capitalize on the
vast opportunities presented in the Kurdish region's
developing market while solidifying and
strengthening Agility's role in Iraq as a whole. |
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Agility shares close ties with the Government of the
Kurdistan region and Elias Monem, Agility CEO,
Middle East and Africa, believes this new venture
will also support the development of this part of
Iraq.
"Agility Kurdistan Limited will be able to play a
positive role in the progression and development of
the region," he said. "We have strong support from
the Kurdish government and we are also working
closely with non-governmental organizations and will
be instrumental in aiding and assisting the
expansion of the area's infrastructure," he added.
Besides supporting the development of the Kurdish
supply chain network, Monem is confident that the
new organization's operations will have other
positive effects for the country.
"We anticipate that our presence in the region will
encourage more foreign direct investment and will
help boost the Kurdish economy and also benefit the
whole of Iraq," he said.
The joint venture partnership for Agility Kurdistan
is formed by Agility and Kurdistan Capital
Investment, along with two other well established
regional business figures.
The newly-formed entity will be investing in the
construction of warehousing facilities in order to
provide storage, transportation,www.ekurd.net
freight forwarding, customs clearance and associated
services to its customers. It will also be exploring
real estate activities.
Agility Kurdistan Limited gives us the opportunity
to reinforce our presence in Iraq with a new
foothold in the North, where there is a huge
potential for business growth," said Monem. "We are
very excited about the opportunity to diversify our
customer base and strengthen our brand name in
Iraq," he added.
About Agility
Agility is a leading global logistics provider with
more than 29,000 employees, and over 550 offices in
100 countries around the world. A publicly traded
company, with $5.6 billion in annual revenue, we
have three key operating units - Global Integrated
Logistics (GIL), Defense & Government Services (DGS)
and Investments.
Through GIL, we focus on offering customers truly
personalized service and flexible supply chain
solutions tailored to meet their individual business
needs,www.ekurd.net
supported by a comprehensive network of warehousing
facilities, transportation and freight management
services. Our customers span a range of industries
from technology and retail to defense and government
and oil and gas.
PR.Newswire | Reuters
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