Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Tarek Sultan
225

Tarek Sultan

Industry: Transport

Company: Agility

Designation: Chairman

Country: Kuwait

Formerly known as Public Warehousing Company (PWC), Agility was established in Kuwait in May 1979. With more than 20,000 employees, 450 offices in 100 countries worldwide Agility is the largest logistics company in the Gulf. Its core activities are in warehousing, transportation and freight management services and it was the largest supplier to the US Army in the Middle East during the war in Iraq.

Agility’s customers span a range of industries from technology and retail to consumer products and oil and gas. However, after it was charged by the US with defrauding the government over multi-billion-dollar supply contracts, it has changed tact away from defense services. The charges were dropped in May last year.

The company is looking to expand in emerging markets, in particular countries that experienced Arab Spring political upheavals as new governments there spend more on their oil industries and infrastructure. It also has partnered with Abu Dhabi’s Borouge to build a compound-manufacturing unit and logistics hub in Shanghai.