Agility’s investments in Saudi Arabia account for SAR 700 mln: official

Agility, a global logistics provider, is investing in projects worth SAR 700 million in Saudi Arabia, Abdulrahman Al-Shamrani, Development and Strategic Accounts Manager at Agility, told Argaam in an exclusive interview on the sidelines of GPCA Forum in Dubai.

“Agility operates in Dammam, Riyadh, Jeddah, Jubail and Khafji. It is planning to expand in all logistics and industrial cities under constructions in the Kingdom,” Al-Shamrani said.

Saudi Arabia is a promising market that sees continuous development and expansion, in line with Vision 2030, which aims to turn the Kingdom into a global logistics hub.

Therefore, he added, the Saudi market is in need of professional logistics providers with global reach like Agility.

In addition, Agility is working with the Saudi Ministry of Health’s public procurement firm on various expansion plans, of which the first phase was successfully completed.

“Work is underway to finalize the second and third phases, and supply pharmaceutical and medical services to all cities in the Kingdom,” he added.

Elsewhere, Al-Shamrani noted that Agility’s cross listing is an option, adding that the company will take any to serve its interest.

A year ago, Agility established an e-commerce affiliate to provide services for customers in the Saudi market.

On the other hand, Bassel El Dabbagh, CEO of Agility, said the company will maintain expansion in Saudi Arabia and the GCC despite global economic uncertainty.

Agility operates in Algeria, Egypt, Angola, Kenya, Ghana, Nigeria, South Africa, Uganda and Mozambique.

The global economic uncertainty on the back of the US-China trade war, Brexit and anticipation of a recession have impacted the global trade, El Dabbagh added.