The parks comprise tens of thousands of square metres of warehousing with reliable power, internet and security.
Monday 09, September 2019
Kuwait’s Agility Public Warehousing Company, a logistics company that operates in more than 100 countries, is stepping up plans to develop so-called warehouse parks across Africa at a cost of about $200 million each, reported Bloomberg.
The company, which has annual revenue of about, $5.5 billion, has set up one at the Ghanaian port city of Tema, and will open three more in Abidjan, Maputo and Lagos—the commercial hubs of Ivory Coast, Mozambique and Nigeria respectively—by the end of the second quarter of next year.
Additionally, the logistics firm said that Addis Ababa, Luanda as well as Nairobi, Dar es Salaam and Kinshasa may follow.
Geoffrey White, Agility’s Chief Executive Officer for Africa, said, " The in an interview in Cape Town last week.The idea is to build it and they will come.”
Built on the outskirts of major commercial hubs, warehouse parks offer multinational companies a quick way to set up distribution centres, says White.
Cummins, which makes generators and engines, is one of Agility’s initial customers, using the park in Ghana for its West African distribution.
The company is also considering Egypt, Morocco and Algeria as potential sites for parks in North Africa.