Arab Today, arab today government needs to speed up launch of development projects
Last Updated : GMT 11:35:13
Arab Today, arab today
Arab Today, arab today

Government needs to speed up launch of development projects

Arab Today, arab today

Arab Today, arab today Government needs to speed up launch of development projects

Kuwait - KUNA

The government has to increase spending on infrastructure projects and speed up its launch to help revive national economy, a Kuwaiti economist said Tuesday. "The government has to speed up the approval of the mega development projects as it will have positive impact on all economic activity in the country," Tareq Sultan said in an interview with KUNA on the sideline of the MEED Kuwait Projects 2013 conference. He went on to say that the government needs to boost spending on infrastructure in particularly to bridge the gap between Kuwait and its Gulf neighbors in this regard. Sultan, also chairman of Kuwaiti giant logistics provider Agility, believes that the proposed package of legal reforms which meant to end bureaucracy and cut paperwork time would have great effects on investors' sentiments and thus giving an impetus to national economy. The MEED Kuwait Projects 2013 conference is the definitive event of the year for all those seeking opportunities and solutions to challenges throughout Kuwait's oil, gas, electricity, water, transport, housing and basic infrastructure sectors. It is designed to address the latest developments and business opportunities associated with the state's mega projects as well as transfer global best practice on how Kuwait can successfully deliver its ambitious capital expenditure plans. With regard to the performance and plans of his company, Sultan said Agility is making strides despite difficult time facing national and world economy. "The profits of Agility in the third quarter of this year rose by 40 percent from the same period last year," he told KUNA. "Agility's objectives exceed this high growth rate it achieved in this difficult time." He unveiled that Agility focuses on emerging economies which enjoy high growth rates and invest in specific economic sectors such as oil, petrochemicals, transport and freight. "This concentration has positive effect on the company's operational performance," he told KUNA. He noted that Agility has investments in more than 100 countries, but admitted facing fierce competition in the emerging economies. Agility is one of the world's leading providers of integrated logistics. It is a publicly traded company with over USD five billion in revenue and more than 22,000 employees in 500 offices across 100 countries. The company reported a net profit of KD 12.1 million for the third quarter of 2013, and Earnings per Share (EPS) of 11.62 fils, up 26 percent over the same period last year. Revenues and EBITDA stand at KD 326.7 million and KD 23.6 million respectively. For the nine month period ended September 30, 2013, the company reported a net profit of KD 33.8 million a 40 percent increase from same period last year. Revenues remained flat compared to the first nine months of 2012, but EBITDA improved by 23 percent standing at KD 68.9 million. Agility's core commercial business, Global Integrated Logistics (GIL), provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility's Infrastructure group of companies manages industrial real estate and offers logistics-related services, including e-government customs optimization and consulting, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today government needs to speed up launch of development projects Arab Today, arab today government needs to speed up launch of development projects

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday