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21/01/2018 05:28 AST
Kuwait & Gulf Link Transport (KGL), an international logistics firm based in Kuwait, said it has been awarded a new contract by the US Defense Logistics Agency (DLA) to lead logistics and distribution operations for US military personnel across the Gulf region.
Under the terms of the contract, the fifth of its kind awarded by the DLA, KGL will procure, import, store and distribute food products from both US and local sources to support more than 20,000 military personnel stationed in Kuwait, Iraq and Jordan.
KGL will also provide services primarily from its procurement and distribution hub in Kuwait. The value of the contract is estimated to be $690 million, but not to exceed $1.38 billion for a duration of 60 months.
On the contract win, Sam Khatib, the chief business development officer at KGL, said: "For more than two decades, KGL has been one of the premier logistics suppliers for the US military in the Middle East. We are grateful for the confidence the US government continues to have in KGL."
"We look forward to continuing to work with the US military on solving complex logistics challenges and supporting the American mission in the Gulf region," he added.
For more than 60 years, KGL has been providing comprehensive logistics solutions for international commercial and government clients, most notably the United Nations and the US Government throughout the Middle East.
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| PAPER | 175.00 | -7.00 (-3.85 |
| ALPHADHABI | 11.44 | 0.26 (2.32 |
| ADNOCLS | 4.69 | 0.00 (0.00 |
| SALIK | 5.79 | 0.06 (1.04 |
| NMDC | 24.44 | -0.56 (-2.24 |
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