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Lighthouse - September, 2021.

KUWAIT’S NEW LOGISTICAL PARK TO SPUR INVESTMENT AND JOB OPPORTUNITIES

Kuwait Ports Authority Chief-Sheikh Yousef Al Abdullah Al Sabah has cited Kuwait Ports Authority’s (KPA) plans to optimize metropolitan logistical activities. The Ports Authority has sought out recently acquired lands to prop up local trade and lure more foreign investment into the country. The proposed logistics cities’ land stretches over two million square meters.

Logistics Cities
In a recent interview, Sheikh Yousef Al Abdullah Al Sabah added that the planned “logistics cities” would serve a particular purpose. These logistics zones will prove beneficial in three ways, one being a support for fledgling small and medium- sized enterprises, second as a place where products are traded, and third as lucrative investment opportunities to firms abroad. Global design agencies design the logistics cities to ensure high standards that will support e-commerce.

Sheikh Yousef Al Abdullah Al Sabah highlighted two projects in the pipeline. “The first project is a maritime single window system that links three ports together for efficiency. The second “smart port” project will connect the systems of all related parties to release and secure the flow of goods electronically thereby converting the facility into a “contact point” linking all concerned bodies, apart from using automation and innovative technologies to manage the day-to-day operations.”

Turning Kuwait into a Trading Hub
Kuwait is all set to turn into a re-export and shipping center to neighboring countries. Offering a logistical solution at competitive prices, this move will also churn out job opportunities for citizens in the storage, artificial intelligence, and logistics sector. Sheikh Yousef said, “Meanwhile KPA will establish its first dry port to serve the flow of goods which will reduce the accumulation of trucks on the borders.”

When asked about the Kuwait Port Authority’s revenues, he stressed that the last six years pushed the total assets to USD 186 million, which is an increase worth 400 percent, and an accomplishment attributed to meticulous and intricate planning. The mishaps at sea and the unprepared-for pandemic brought a large part of the global trade to a standstill, but now with the proposed logistics cities, he was expecting stranded ships to be on the move and once again pick up the business where it left off.

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