Media ININ Economy We Trust
Media IN/Abu-dhabi/08-05-2019
KPA reported Tuesday net profits of KD 48.4 million, equalising USD 159 million, for the fiscal year 2018- 2019
In addition to other KD 97.45 million (USD 318 million) profits made in that same fiscal year , this is, so far, the highest revenue in KPA’s history since its establishment, KPA’s Director General said in a press conference.
KPA’s expenses for 2018-2019 estimated around KD 48.9 million, equalising USD 160 million, said the Director General.
Meanwhile, KPA chief indicated that such a record of high revenue is due to the Authority’s three factor strategy, anti-corruption, cost-saving and recruitment of national workforce, which proved its competence in technical , and field of work at Shuwaikh, Shuaiba and Doha ports.
Further more, these revenues reflect Kuwait’s status on the regional map not only as an importer of goods, but also as an exporter to neighbouring countries, he said, noting some 15,000cars, tons of goods, and thousands of trucks were exported to neighbouring countries.
KPA works in accordance with a good plan that is on a par with His Highness the Amir’s vision (New Kuwait 2035), which aims to transform the country into a financial and commercial hub in the region, affirmed the Director General.
