Awarded 10 Years Exclusive Rights
Agility Public Warehousing Company KSC (“Agility”) announced today that it was awarded, through a joint venture with an economic interest of 51%, the exclusive right for ten years to provide comprehensive ground handling solutions (airport services) at Kabul, Kandahar and Herat International Airports in the Islamic Republic of Afghanistan.
Agility will manage this JV through its 100% owned subsidiary NAS Holdings which is in the process of finalizing the concession agreements.
During the duration of the concession, the JV is expected to generate an estimated $200 million in revenues. However, the profits cannot be determined at present.