Agility scores international expansion hattrick
by ArabianBusiness.com staff writer on Wednesday, 08 August 2007
Agility has signed an agreement with AMB Property Corporation to lease approximately 40,300m2 at development projects in Houston, Amsterdam and Paris.
The Kuwait-based logistics company, which is currently expanding its operations throughout the world, believes this latest partnership will create new opportunities in the European and North American markets.
"As Agility continues to experience increased demand for services, we appreciate the partnership with AMB to handle our logistics real estate requirements," said Elias Monem, chief executive officer for Agility in the Middle East and Africa. "This enables us to provide customers with quick and flexible implementations at major logistics hubs as we grow our business."
AMB has already commenced its development in Houston, located in close proximity to Houston International Airport and the Port of Houston. The 22,300m2 build-to-suit facility will specialise in the transportation of equipment for the oil and gas industry.
The European bases consist of 12,600m2 at AMB's distribution centre in Paris, adjacent to Le Bourget Airport and southwest of Paris' Charles de Gaulle International Airport, together with 5400m2 at AMB's Fokker Logistics Centre in Amsterdam, located near Amsterdam Airport Schiphol.
"Our development expertise, plus our ability to provide Agility with ideal facilities at three key global trade locations, was a significant factor in the selection of AMB to assist this important global customer's expansion plans," said Steve Callaway, senior vice president, director of customer development, AMB.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TRANSPORTATION
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TRANSPORTATION
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Dubai gov't repays $1bn aviation bond
- Personal Finance: Credit bureaus combine to form regional group
- Healthcare: Kuwait swine flu fatalities rise to 24
- Politics & Economics: Mideast needs to improve insolvency rules - World Bank
- Travel & Hospitality: ADNH sees net profit up by 28% but hotels suffer
SHARE PRICE CHECK
RELATED STORIES
Agility Logistics
- Agility announces major contract in Qatar
8 Sep '09 | News - Kuwait blue chips rally, but Gulf markets muted
25 Aug '09 | News - Agility wins $643.5m US military Afghan deal
13 Jul '09 | News
Amsterdam Schiphol Airport
- Top ten European cargo hubs
1 May '07 | Features




