Kuwait Ports Authority Earns Kd 56.4 Million In Profit

Kuwait Ports Authority announced today, Saturday that it has earned KD 56.4 million in profits for the fiscal year 2020-2021, Al-Rai reported.

The General Director of the Foundation, Sheikh Yusef Al-Abdullah Al-Sabah, said in a press statement that the total profit of the fiscal year 2014-2015 was KD 14.3 million and within six years it jumped to KD 56.4 million, thus achieving a 400 percent increase in profits after the restoration of its lands and tightening the grip against corruption.

Al-Abdullah added that despite the impact of the Corona pandemic on global trade, Kuwaiti ports achieved record profits for the third year in a row as a result of developing short and medium-term plans and strategies aimed at reform and combating corruption.

 

SOURCE    TIMES KUWAIT

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