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Kuwait-based Agility has shown interest in bidding for the management of Kuwait’s airports and ports if plans to privatise them receive the green light, stated the firm's chief executive Tarek Sultan
Kuwait’s finance minister Anas al-Saleh said that the government will explore the privatisation of assets including airports, ports and some facilities of national oil giant Kuwait Petroleum Corporation.
The government is trying to identify ways to free up state finances, while boosting the economy to help reduce a budget deficit caused by low oil prices.
According to the minister, Kuwait’s cabinet has given the go-ahead to economic reforms, such as enforcing a 10 per cent tax on corporate profits.
Sultan said Kuwait’s private sector had not been affected by the introduction of taxes if the government implemented reforms.
Agility has a presence in 100 countries and plans further expansion within the Association of South East Asian Nations (ASEAN), the Gulf and Africa.