The Kuwait-based Agility Public Warehousing Company provides integrated logistics through its three main divisions; Global Integrated Logistics (GIL), Defense and Government Services (DGS) and Investments. Its operations include air, sea and land freight transportation, warehousing and storage, handling and distribution of cargo; freight management; inventory management, project logistics; exhibition and event logistics; investment in real estate and private equity; air and vessel charter services; IT maintenance; and commercial and military spare parts and systems.
The company began operations in 1979 as the Public Warehousing Company (PWC), a Kuwaiti, government-owned company, which leased warehouses. Since then, the company diversified and in May 2008 became known as Agility Public Warehousing Company. As of September 2008, it owned 119 subsidiaries in more than 100 countries and serves several sectors, including the military, technology, oil and gas, aviation, real estate, engineering and construction, events and entertainment, automotive and pharmaceuticals.
Agility’s major breakthrough came with the US invasion of Iraq in 2003, when it provided the US military with warehousing and full logistics services including clearing, shipping and transport, for its Iraq operations.
Agility is building a 60,000 sq. m (645,834 sq. ft.) warehouse in Dubai’s Jebel Ali Free Zone, to be completed by the second quarter of 2009. It will also have a new 20,000 sq. m (215,278 sq. ft.) facility in Qatar, a 40,000 sq. m (430,556 sq. ft.) facility in Egypt, 15,000 sq. m (161,458 sq. ft.) facility in Bahrain and a 40,000 sq. m (430,556 sq. ft.) facility each in Riyadh, Jeddah and Amman. It is also developing a 1 million sq. m (10.7 million sq. ft.) warehouse, near Erbil Airport in Kurdistan.
It listed its shares on the
Kuwait Stock ExchangeKuwait Stock Exchange
in 1984; and in 1997 the government sold its remaining shares in the company. In 2006, Agility listed its shares on the
Dubai Financial MarketDubai Financial Market
. It earned revenues of KWD1.667 billion (USD 6.25 billion), in 2007, a 64% increase over 2006.
Agility plans to enter other African countries, by the end of the 2008.