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FINANCIAL NEWS
Logistic firms compete for US military contract
29 Apr 2010
(MENAFN) The US government has replaced the Kuwaiti logistics firm Agility as the main supplier to US troops in Kuwait, Iraq and Jordan with Dubai-based Anham FZCO, granting it a $2.2 billion deal, Reuters reported.
However, KGL, also known as the Kuwait and Gulf Link Transport Co, said that it would dispute the award because Anham did not meet the minimum bidding requirements.
It said it expected a response to its challenge within 30 days.
It is worth noting that Agility has lost a US military contract over fraud charges, and has played down suggestions that it was close to a settlement just as a dispute broke out over the re-awarded contract.
Kuwait has become a country cited as a major logistics base for the US military since the US invasion of Iraq in 2003.
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