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JTC awarded a four years contract for Kuwait Free Trade Zone operations

Kuwait: Saturday, December 10 - 2011 @ 11:00

The scope of the contract comprises cargo handling and transportation between Kuwait sea and land transit gates and Kuwait Free Trade Zone in Shuwaikh Port for a period of three years.

The project for the establishment of the Free Trade Zone is a key element in the government’s vision to transfer Kuwait into a Global Financial and Trade Hub. By granting exemptions from taxes and customs duties, issuing licenses on the spot and having as little state intervention as possible, the Kuwait Free Trade Zone promises to give competition to the neighboring free zones in Dubai and Iran, in the near future. The operation of the free zone is managed by PAI – Public Authority for Industry and is supervised by the Ministry of Commerce and Industry (“MCI”).

Andreas Mohr, CEO of JTC, said, “JTC proved that it had the expertise and credentials to be able to facilitate this contract, I believe that our focus on quality, and the ability to meet our customer’s high standards was the decisive factor in winning this contract. We were up against stiff competition from strong local logistics companies in Kuwait, so we are proud to have been selected by PAI. We are now looking forward to serving their logistics needs.”

JTC’s responsibilities towards the agreement include comprehensive logistics solutions, advanced cargo handling services, extendable logistics and transportation services from the ports to Kuwait’s land borders with Iraq and the Kingdom of Saudi Arabia that supports the cargo transit through Kuwait with value added activities and enhances Kuwait position as a transit hub in the Middle East.

Mohr added, “With our regional presence and comprehensive portfolio of services, we are well equipped to support the needs of Kuwait Free Trade Zone. The services offered to PAI are a natural expansion of our current activities and expertise in ports management and the Free Trade Zone activities.”

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Saturday, December 10- 2011 @ 11:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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