Mubasher: Agility Public Warehousing is expected to register good financial results during fiscal year 2018, deputy chairman Tarek Sultan told Al Arabiya on the sidelines of the World Economic Forum.
Sultan added that no developments have emerged regarding the arbitration case against the Iraqi government.
Agility, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), recorded great income results in the first nine months of 2017, with a noticeable operating performance, the deputy chairman added.
Agility is forecast to achieve $800 million operating profits by 2020, Sultan told Al Arabiya.
The joint project in Abu Dhabi, which is valued at $1.2 billion, has been restructured; Agility owns a minor stake in this project.
Regarding Agility’s business in Egypt, the company has pumped large investments into the Egyptian market, Sultan said, adding that there are talks with the government over the Suez Canal to endorse investment programmes.
