Agility, the Kuwaiti-based logistics provider, on Wednesday announced it has been awarded a contract to provide warehousing services to Universal, a home appliance provider in Egypt.

As part of the five-year contract, Agility will manage the storage of various components for microwaves, washing machines, refrigerators, and several other home appliances in its warehouse in 6th of October City, a satellite city that is part of Cairo, Egypt.

The estimated value of the contract is $9.7m, the company said in a statement.

“Agility’s warehousing and distribution capabilities are the driving force behind our successful supply chain solutions in Egypt,” said Ahmed Aly, CEO, Egypt, Agility.

“We are pleased to be utilising our expertise for Universal, with the extensive range of products they offer in the Egyptian market. We look forward to partnering with them as they continue to expand their business.

“We are excited to be working with a global company like Agility,” added Sameh Abu El Yazid, supply chain director, Universal. “With Agility’s expertise in warehousing, we will benefit from efficient operations that will help us achieve our ambitious and sustainable plans for growth.”

Earlier this month, a unit of Agility said it had won a three-year contract with an estimated revenue of $190m to supply an international mission in Sudan's Darfur region.

Last month, Agility said net profit more than doubled in the fourth quarter of 2012, with its board proposing a dividend of 30 percent cash and 5 percent bonus shares.

 

Source : arabianbusiness.com