Latest news with #KuwaitVision2035
Arab Times
a day ago
- Business
- Arab Times
Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035
KUWAIT CITY, June 19: Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure development. The new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision 2035. This focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina Abdullah. Positioning for Strategic Alignment with Kuwait Vision 2035 Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including: ● Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port. ● Contributing to the development of new economic zones such as the Northern Area project. ● Customs modernization and supply chain enablement. ● Industrial real estate and warehousing. ● Industrial waste management and recycling infrastructure. ● Development of major data centre projects. ● Promoting the resilience and security of Kuwait's food and health care sectors. The company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional knowledge. Driving Impact Through Governance and Capital Alignment To better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps: ● National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction. ● Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests. ● Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy. ● New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new mission. Together, these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic growth. Offering Investors Access to Kuwait's Growth Tarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government objectives. Our KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts." In-Kind Dividend Announcement Agility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion.
Al Bawaba
3 days ago
- Business
- Al Bawaba
Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035
Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina for Strategic Alignment with Kuwait Vision 2035Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including:● Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port.● Contributing to the development of new economic zones such as the Northern Area project.● Customs modernization and supply chain enablement.● Industrial real estate and warehousing.● Industrial waste management and recycling infrastructure.● Development of major data centre projects.● Promoting the resilience and security of Kuwait's food and health care company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional Impact Through Governance and Capital AlignmentTo better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps:● National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction.● Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests.● Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy.● New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic Investors Access to Kuwait's GrowthTarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts."In-Kind Dividend AnnouncementAgility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion.
Zawya
3 days ago
- Business
- Zawya
Agility KSCP launches Kuwait-centric strategy supporting Kuwait Vision 2035
KUWAIT – Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure development. The new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision 2035. This focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina Abdullah. Positioning for Strategic Alignment with Kuwait Vision 2035 Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including: Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port. Contributing to the development of new economic zones such as the Northern Area project. Customs modernization and supply chain enablement. Industrial real estate and warehousing. Industrial waste management and recycling infrastructure. Development of major data centre projects. Promoting the resilience and security of Kuwait's food and health care sectors. The company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional knowledge. Driving Impact Through Governance and Capital Alignment To better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps: National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction. Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests. Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy. New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new mission. Together, these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic growth. Offering Investors Access to Kuwait's Growth Tarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government objectives. Our KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts." In-Kind Dividend Announcement Agility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion. About Agility KSCP Agility is a leader in supply chain services, infrastructure, and innovation, listed in Kuwait and Dubai. For more information about Agility, visit: For Media Inquiries Saad Al-Barazi | +965 97517143 | saad@
Kuwait Times
3 days ago
- Business
- Kuwait Times
France eyes deeper ties with Kuwait at Gulf Vision 2025
PARIS: The third edition of the Gulf Vision 2025 conference officially opened Tuesday in Paris, bringing together officials from Gulf and French governments, alongside business leaders, innovators, and policymakers. The event, held under the patronage of French President Emmanuel Macron, aims to usher in 'a new era of cooperation' between France and the Gulf Cooperation Council (GCC) states, with Kuwait actively participating through its Embassy in France. Organized by Business France, the two-day forum is themed 'From Ambitious Visions to Tangible Impact: A New Era of Cooperation.' It serves as a strategic platform to deepen economic ties in the face of global economic transformations and mutual efforts to build more integrated, diversified economies. Kuwait plays a natural strategic role in this context, said Axel Baroux, Business France's Director for the Near and Middle East, in an interview with KUNA. He noted that Kuwait Vision 2035 aligns closely with France's 2030 Roadmap, highlighting the potential for joint economic transformation. 'The 2025 edition represents a turning point in economic relations between France and the GCC,' he said. 'By linking France 2030 with Gulf visions and transforming dialogue into concrete cooperation and actionable projects.' Baroux emphasized that the event offers direct access for French companies to GCC decision-makers and vice versa, paving the way for long-term, high-impact partnerships. The idea 'is to turn networking into contracts,' he added. The conference also aims to 'serve as a bridge for Gulf capital, including from Kuwait, into Europe.' A growing economic relationship According to Baroux, France is currently Kuwait's top European investor and the eighth globally, with major roles in energy, infrastructure, and transport. More than 50 percent of European companies operating in Kuwait are French, collectively employing over 2,100 people. He added that cooperation is expanding into sectors like healthcare, education, services, and green technology, all of which align with Kuwait's economic diversification goals. France is Kuwait's fourth-largest customer and tenth-largest supplier. The conference's agenda reflects shared priorities, including renewable energy, artificial intelligence, sustainable agriculture, smart infrastructure, and education. Top French officials attended the conference's opening ceremony, including Laurent Saint-Martin, Minister Delegate for Foreign Trade, former Foreign Minister Jean-Yves Le Drian, and Pascal Cagni, Chairman of the board of Business France. They highlighted the growing need for joint action in energy transition, AI, healthcare, and talent development. Kuwait projects in focus For Kuwaiti stakeholders, the event spotlights development opportunities in areas such as airports, ports, solar energy, recycling, AI, vocational education, and smart agriculture. Baroux highlighted health as a sector where France can play a transformative role. 'Kuwait's health sector accounts for 5.1 percent of its GDP and has seen major investments in infrastructure, prevention, and treatment—areas where France has strong technical and industrial expertise,' he said. Baroux added that Business France provides Kuwaiti companies with specialized advisors to support entry into the French market, offering legal and financial consultation, matchmaking, and links to research centers. Baroux concluded with an invitation to Kuwaiti investors and decision-makers, encouraging them to join 'the ambitious and open economic dialogue' offered by Gulf Vision 2025. 'France is committed to long-term partnerships grounded in innovation and shared development,' he said.
Arab Times
5 days ago
- Business
- Arab Times
Gulf Vision 2025 Conference to enhance strategic cooperation: French official
PARIS, France, June 16: France will host the Gulf Vision 2025 conference on June 17–18 in Paris under the patronage of French President Emmanuel Macron, aiming to deepen economic cooperation and forge long-term partnerships between Gulf Cooperation Council (GCC) countries — especially Kuwait — and France. In an interview with KUNA, Axel Baroux, Regional Managing Director for the Near and Middle East at Business France, emphasized that the upcoming conference will serve as a pivotal platform to promote strategic collaboration. The event will bring together ministers, investors, industry leaders, and innovators to foster partnerships in sectors such as energy transition, healthcare, artificial intelligence, sustainable agriculture, transportation, tourism, and education. Baroux highlighted the alignment between Kuwait Vision 2035 and France 2030, stressing that both countries are focused on sustainable innovation and economic diversification. He noted that Kuwait has played a significant role in previous editions of the conference, reflecting mutual interest in enhancing bilateral ties. The 2025 edition is expected to mark a turning point in Gulf–France economic relations. By facilitating direct engagement between French companies and Gulf decision-makers, the conference aims to move beyond dialogue to practical agreements and projects. France is currently the leading European investor and the eighth-largest global investor in Kuwait. More than half of the European companies operating in Kuwait are French, providing over 2,100 job opportunities, particularly in infrastructure, transportation, energy, and health. Baroux pointed to the growing cooperation in healthcare, education, green technology, and services, aligned with Kuwait's strategy to diversify its economy. He added that France's presence in Kuwait spans 89 companies across key sectors including luxury, cosmetics, food, and infrastructure. Business France, the conference organizer, works with approximately 2,000 French companies annually across the Gulf. It offers support in B2B matchmaking, market research, startup facilitation, and talent mobility. The agency also assists Kuwaiti firms looking to enter the French market by offering consulting, legal, and financial services, and access to government and research institutions. Calling on Kuwaiti investors and decision-makers to participate in Gulf Vision 2025, Baroux underscored the importance of turning conversations into concrete collaborations. Specific focus areas for Kuwait include health infrastructure, solar and renewable energy, water and waste management, AI, smart agriculture, and vocational training. The event will feature high-level sessions, including a "2030 Plans" ministerial roundtable and an 'Innovation for Sustainability' dialogue exploring resource management and future technologies. Baroux concluded by reiterating France's openness to long-term partnerships grounded in innovation, shared growth, and economic resilience. Business France, a leading government agency, is spearheading the initiative to bolster France's international economic outreach and attract foreign investment.
