{"id":73224,"date":"2023-09-04T00:00:00","date_gmt":"2023-09-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/04\/kuwait-investment-authority-establishes-new-usd-162-mn-logistics-focused-subsidiary\/"},"modified":"2023-09-04T00:00:00","modified_gmt":"2023-09-04T00:00:00","slug":"kuwait-investment-authority-establishes-new-usd-162-mn-logistics-focused-subsidiary","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/04\/kuwait-investment-authority-establishes-new-usd-162-mn-logistics-focused-subsidiary\/","title":{"rendered":"Kuwait Investment Authority establishes new USD 162 mn logistics-focused subsidiary"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Kuwaiti sovereign wealth fund <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kia.gov.kw\/\" style=\"\" rel=\"noopener\">Kuwait Investment Authority<\/a><\/strong><strong> has established a new logistics-focused <\/strong><strong> subsidiary dubbed Kuwait Storage Company <\/strong> with USD 162 mn in capital, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/companies\/2023\/09\/03\/%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A%D8%A9-%D8%AA%D8%A4%D8%B3%D8%B3-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9-%D8%A8%D9%80-162-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reports. The company is fully owned by the investment authority, Al Arabiya reports, adding that the company\u2019s shares cannot be sold or traded without the approval of the Kuwaiti cabinet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The company offers plenty of transport services: <\/strong>The new company will focus on transporting refrigerated and frozen goods, furniture, livestock and new cars, Kuwaiti daily <a target=\"_blank\" href=\"https:\/\/www.alanba.com.kw\/1198566\" style=\"\" rel=\"noopener\">Al Anba<\/a> reports. It will also operate storage facilities for a variety of goods, including grain, silos, food and agricultural products, and chemicals, as well as goods transported as air cargo. It will also provide container handling services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Aviation + maritime services are included too: <\/strong>Kuwait Storage Company will also provide cargo and ground handling and support services for aircraft, and will sell, lease and rent out machinery and equipment for aircraft servicing, Al Anba reported. Port activities, ship refueling, customs clearance, maritime transport and shipping agency services are also among the company\u2019s offerings, according to al Anba. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuwait Storage Company will be specialized in storage and warehousing services, as well as providing maintenance and support services for the maritime and aviation sectors<\/p>\n","protected":false},"author":1,"featured_media":73225,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[241],"tags":[145,17,160,130,240],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-storage-warehousing","tag-aviation","tag-enterprise-logistics","tag-kuwait","tag-logistics-handling","tag-storage-warehousing-2","wpautop","entry"],"acf":{"mongo_id":"127a25fe-2ba0-4777-8e0d-8b22da66e69b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/82.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kuwait 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