Kuwait is at the last place at the level of the Gulf Cooperation Council countries as per the logistics performance index issued by the World Bank.
19 July 2022, 12:00 AM
31 July 2022, 12:00 AM
The Director General of the Kuwait Ports Authority Eng Issa Al-Mulla, said according to the logistics performance index issued by the World Bank, Kuwait has dived to the last place at the level of the Gulf Cooperation Council countries.
He referred to the Council of Ministers on the Ports Corporation’s visions and proposals regarding strengthening the food security system in the State of Kuwait, Al-Mulla stressed that the logistical cities are an essential part of the logistical supply chain that links all commodity flows to the country, the most important of which is the sea, which controls 90 percent of the value of merchandise exports and imports, reports Al-Qabas daily.
Al-Mulla added the actual need for logistics cities, and in order for the State of Kuwait to be a financial and global center, an infrastructure must be built that provides all national and international companies with information about storage centers, pointing out that the KPA had previously asked the Kuwait Municipality to allocate 300,000 square meters land south of Doha Port based on a Cabinet decision in 2004, to establish a logistics zone included in the projects of the state’s development plan (New Kuwait 2035).
Al-Mulla said that the efficiency of logistics is of great importance to competitiveness, growth and development, and the performance of logistics affects productivity in all economic sectors, and can form a fundamental basis for development.
Al Mulla explained that the Logistics Performance Index, which was developed by the World Bank as a reference global measurement tool, periodically measures the efficiency of logistics around the world, with the aim of shedding light on the development of the competitive environment for business, and is of great importance, given that it has become the approved tool for judging countries, according to this indicator we will find that Kuwait fell to the last place at the level of the Gulf Cooperation Council countries according to the World Bank report.
He stressed that the application of logistics in the field of business as a concept based on managing the flow and storage of goods, services and information efficiently and effectively from the stage of raw material to the stage of final consumption, in order to achieve an increase in the integrated logistics system and the speed of product delivery, especially that the logistics system includes many activities.