|18 July, 2019

Kuwait KGL Logistics to ink $164.35mln deal with Amiri Diwan

This bidding will not financially impact the KGL Logistics' position

Image used for illustrative purpose. Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard

Image used for illustrative purpose. Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard

Getty Images/ Thatree Thitivongvaroon

Kuwait - KGL Logistics announced that it will sign a contract on the bidding with the Amiri Diwan of Kuwait at a value of KWD 50 million.

With a 35-year contract duration, this bidding covers the construction, completion, as well as the maintenance and operating works for the motorsport activity in Kuwait City.

KGL Logistics highlighted that this bidding will not financially impact the company’s current position, according to a bourse disclosure on Thursday.

Source: Mubasher

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