Construction costs are expected to rise in the Middle East this year, increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors, demand remains strong, but delivery conditions are becoming more complex, says a new report.
Makhazen (formerly named Agility Public Warehousing Company), a Kuwait-based infrastructure, logistics, and industrial services company, reported KD147 million ($479.24 million) EBITDA from continuing operations for the third quarter (Q3) of this year.
Agility Global has agreed to sell 100% of its stake in Tristar, a global energy logistics business, to Aegis Logistics Limited, India's leading integrated oil, gas and chemical logistics company, in a deal valued at $1.5 billion.
Agility, a global leader in logistics and infrastructure, has signed an agreement with the UAE's Ministry of Energy and Infrastructure marking a significant step toward improving energy efficiency and enhancing the economic performance of data centres and district cooling systems in UAE.
