Agility, the Kuwaiti storage and logistics provider, looks well positioned to capitalise on growth in emerging markets, according to Rasmala Investment Bank, based in Dubai.
"The strength of the logistics industry is significantly affected by economic growth," said Daniel Abood and Aly Mansour in a note to clients. "Agility's competitive advantage lies in its emerging-market platform, which we expect to experience high growth in the future," the analysts said.
A report from the UN Conference on Trade and Development said developed economies were expected to post growth rates of up to 2 per cent this year. Emerging markets, however, were expected to have much stronger growth, at more than 6 per cent.
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