Manama, 04 January 2017: Agility, a leading global logistics provider, announced today that it will be investing $10 million to expand its regional logistics hub in Bahrain to 28,000 sqm, increasing storage capacity by an additional 19,000 pallet positions and increase the workforce by almost twenty-five per cent.
The expansion, which is expected to be completed within the next ten months, will enhance Agility’s Bahrain-based regional logistics hub. Investments will be made in Agility’s warehousing, freight, transport and specialty logistics solutions in the Kingdom.
H.E. Zayed Alzayani, Minister of Industry, Commerce and Tourism, said “Logistics has a key role in driving economic growth and attracting international investment into the country. The Government is committed to delivering a more efficient and advanced logistics sector, and in order to facilitate this The Ministry has introduced a number of policies that directly contribute to the expansion of the logistics sector to build on Bahrain’s strategic location and regional connectivity. Agility has been a very important part of the logistic base here in Bahrain since 2003, introducing efficiencies to the sector never seen before.”
Essa Al-Saleh, President & CEO Agility GIL, said “This investment reflects Agility’s commitment to our clients in the region, and also the strength of Bahrain’s offering as a regional hub with efficient customs clearance, established transport links and an attractive operating environment. The expansion of our Bahrain logistics hub will increase the storage capacity and help meet the increasing regional demand for sophisticated and integrated logistics services.”
Mr. Khalid Al Rumaihi Bahrain Economic Development Board (EDB) Chief Executive said, “Agility’s investment is a reflection of Bahrain’s strengths as regional hub for logistics providers. The unique geographical location, with the direct access to the region’s largest economy, combined with the ongoing liberalisation of the logistics sector and availability of a well-educated, bilingual local workforce are the key drivers behind the growth of the logistics sector in the Kingdom.”
The Kingdom is investing over US$32 billion over the coming years in key infrastructure projects that will support the continued development of the logistics sector. This includes the expansion of Bahrain International Airport, which is estimated to increase the air cargo volumes to 1 million metric tonnes per year once the project is completed in 2020. In addition, Hamad Causeway, the second causeway connecting Bahrain to Saudi Arabia, is expected to result in import costs being further reduced by up to fifty per cent. The transport and logistics contribution to the GDP increased from three per cent in 2013 to seven per cent in 2015, demonstrating the growth potential of this important sector.
Agility has been operational in Bahrain since 2003, with the main facility, located in Hidd, supporting contract logistics with ambient, chilled, and frozen storage, as well as unique solutions for high-value cargo. Agility also offers a secure records management storage solution, as well as turnkey logistics solutions to the Bahrain-based manufacturing industry including fast moving consumer goods. The Company also owns and operates a large fleet of over 200 transport assets including refrigerated trailers and is a leading provider of cross border transportation, and customs brokerage for a number of multinational organisations based in The Kingdom.
Notes to editors:
May Taher, Bahrain Economic Development Board
Tel: +973 17 589 972
About The Bahrain Economic Development Board (EDB)
The Bahrain Economic Development Board (EDB) is a dynamic public agency with an overall responsibility for attracting investment into Bahrain, and is focusing on target economic sectors in which the Kingdom offers significant strengths.
Key areas of focus include tourism, manufacturing, ICT, and logistics and transport services as well as other sub-sectors. The Financial Services sector in Bahrain is particularly strong and the EDB supports in the continuing growth of the banking industry and key sub-sectors, including Islamic Finance, Asset Management, Insurance and Re-Insurance.
For more information on the Bahrain EDB visit www.bahrainedb.com; for information about Bahrain visit www.bahrain.com
Agility brings efficiency to supply chains in some of the globe’s most challenging environments, offering unmatched personal service, a global footprint and customized capabilities in developed and developing economies alike. Agility is one of the world’s leading providers of integrated logistics. It is a publicly traded company with more than $4.3 billion in revenue and more than 22,000 employees in over 500 offices across 100 countries. 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.
For more information about Agility, visit Agility.com