12/03/2018 05:12 AST

Kuwait and Gulf Link Transport Company (KGL) announced that two of its subsidiaries have been awarded transportation and supply contracts with the US Army worth up to $2B (USD). One of its subsidiaries, KGL Transportation was awarded the US Army's Heavy Lift 8 (HL8) transportation contract, providing heavy haul transportation services in the Gulf Region, Iraq and Jordan. The maximum value of the contract is $550M (USD) for a duration of five years.

In January 2018, KGL Food Services, also a subsidiary of Kuwait and Gulf Link Transport Company (KGL), was awarded the Subsistence Prime Vendor (SPV) contract with the US Defense Logistics Agency (DLA). The maximum value of the contract is worth $1.380B (USD) for a period of 24 months, with option periods increasing the contract duration to an additional 60 months. KGL will provide food procurement and distribution services to the US military in Kuwait, Iraq and Jordan.

Sam Khatib, Chief Business Development Officer at Kuwait & Gulf Link Transport Company (KGL), said that "KGL is a premier provider of integrated Supply Chain Management services in the Middle East, fulfilling the Transportation, Logistics, Port Management, Shipping and Freight Forwarding needs of countless regional and international clients since the establishment of the company more than 60 years ago in 1956."

Khatib added that for more than two decades KGL has been one of the leading logistics providers to the US military in the Middle East and that the Prime Vendor contract is the fifth contract awarded to KGL by the US Defense Logistics Agency.

Khatib is looking forward to continuing to work with the US military on solving complex logistics challenges and supporting the US military mission in the Gulf region.

Khatib said that for more than 60 years, KGL has been providing comprehensive logistics solutions for international commercial and government clients throughout the Middle East, most notably with the US Government and the United Nations.


Arab Times

KGL Transport wins key US army contract in ME

21/03/2018

Kuwait & Gulf Link Transport (KGL), an international logistics firm based in Kuwait, revealed that the US Army has awarded it a new contract to support heavy line haul operations for the US Military

Trade Arabia

Kuwait Ports Authority tells KGL to evacuate

18/02/2018

The Director-General of the Kuwait Ports Authority (KPA), Sheikh Yousef Al-Abdullah Al-Sabah, said the Kuwait & Gulf Link Transport Co (KGL) has been notified to evacuate 270,000 square-meters of lan

Arab Times

Kuwait logistics firm wins $690m US defence deal

21/01/2018

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 distributio

Trade Arabia

Ticker Price Volume
ARABIANMILLS 59.20 625,755
NAYIFAT 13.94 229,739
RASIYAT 384.00 1,076,197
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
ABC 0.35 370,000
DIC 2.07 2,049,713
KGL Sector Market
P/E
Price/BookValue
Ticker Price Change
PAPER 191.00 0.00 (0.00%)
AIRARABIA 2.70 -0.05 (-1.82%)
DIC 2.07 -0.01 (-0.49%)
AGLTY.DFM 2.86 -0.05 (-1.72%)
AGLTY 234.00 1.00 (0.42%)
EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula