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Developing Kuwait into a Regional Logistics Hub
Kuwait Supply Chain & Logistics Conference
December 14, 2011
– Potential and opportunity
– Kuwait a regional logistics hub
– Considerations to be addressed
What I Will Cover Today
– Ambitious goals for economic growth, development and diversification
– $104.9 billion allocated for its development plan
– $23 billion of which is earmarked for transport infrastructure
– Improvements in infrastructure, transportation and the utility sector are essential
– Kuwait's population is expected to reach 5.4 million by 2030
Kuwait: Ambitious Plans, Great Potential
Factors underwriting Kuwait’s growing significance as a regional focal point for logistics:
– Current logistics scenario
– Proximity to Iraq
– Planned infrastructure development
Kuwait: Major Advantages
– Extensive port network
– Road links with the GCC
– Airfreight services connecting Kuwait to the globe
Kuwait: Logistics Overview
– Kuwait has become a focal point for activity into Iraq
– Iraq is now attracting considerable attention, both globally and regionally
– Unique phase of reconstruction and modernization, with massive foreign direct investment
– Boubyan Island – corridor for goods from across the world into Iraq
– Opportunity for sharing experience, and mutual economic benefit
– Opportunity for public and private sector
– Huge opportunity; developing the infrastructure of Kuwait is critical to realizing the potential role that we can play in the future development of Iraq
Kuwait: Potential to Grow with Iraq
Two things to turn Kuwait’s potential into reality:
1. Use earmarked investments of more than $23 billion and move ahead on planned transport infrastructure projects without delay
2. Economic diversification
Making Kuwait a Logistics Hub for the Region
– Saudi Arabia, UAE, Bahrain, Qatar – making good progress in improving infrastructure
– Airport development: our neighbors are leaving us behind
– Kuwait continues to lag behind its neighbors in the GCC
– To address this, the following infrastructure projects have been announced:– Road: KWD 3 billion (USD $10.6 billion) to be invested in infrastructure in the next five
years– Airport: Two new airports – Ports: effort to boost the efficiency– Rail: trans-gulf railway project
– These developments will go some way to position Kuwait as a leading logistics market in the region
Kuwait: Infrastructure Development
– Growth in the logistics sector central to Kuwait’s long-term plans
– Currently the non-oil economy relies heavily on real-estate and banking
– Continued investment in infrastructure development combined with Kuwait’s strategic location will put the country in a good position to capitalize on the regions growing logistics market
Economic Diversification
www.agilitylogistics.com
Thank you