Supplemental Disclosure: Agility signed a public private partnership agreement for an investment project in Sabah Al Ahmed City

 

Date 09 September 2020
Company Name Agility Public Warehousing Company KSCP
Previous Disclosure Title Agility awarded an investment project in Sabah Al Ahmed Residential Area
Previous Disclosure Date 14 June 2020
Development on previous disclosure Reference to our previous disclosure dated 14 June 2020 regarding the investment project in Sabah Al Ahmed City (S2), please note as a continuation of the process a Public Private Partnership Agreement has been signed between: S2 for Real Estate and Development Company – a fully owned subsidiary of Agility Public Warehousing Company K.S.C.P. – and Public Authority for Housing Welfare (PAHW). The agreement provides for the development of over a 1.2 million sqm of land as industrial and storage zones plus labor camp located in Sabah Al Ahmed area for a period of 30 years, starting from the date of the commercial operations of the project.
Financial impact The expected investment in this project is around KD 104 million