Makhazen
- Company typePublic
- Founded1979
- HeadquartersKuwait City, Kuwait
- Headcount—
- GTM typeB2B
- OfferingServices
Makhazen firmographics
Firmographics- Name
- Makhazen
- Legal name
- Makhazen Holdings Inc.
- Website
- https://makhazen.com
- Company type
- Public
- Founded year
- 1979
- Operating status
- Operating
- Ownership category
- akta.pro rank
Makhazen industry classification
Industry- Product category
- Industrial Logistics Infrastructure
- NAICS
- General Warehousing and Storage (493110), General Warehousing and Storage (49311), Warehousing and Storage (493), Other Warehousing and Storage (493190), Waste Collection (5621), Waste Collection (56211)
- SIC
- Public Warehousing & Storage (4220), Sanitary Services (4950), Refuse Systems (4953)
- akta.pro primary industry
- Multi-Client Public Warehousing (Dry) (TLALAAAA)
- akta.pro secondary industries
- Industrial Hazardous Waste Services (Manufacturing, Refineries, Metals, Automotive) (EUAIAFAG), Waste, Recycling & Circularity (On-site Programs) (BPABAAAL), Compactor, Container & Roll-off Services (Rental, Service & Logistics) (EUAIAGAC), Hazardous Materials & Regulated Goods Storage (Non-Refrigerated) (TLALAAAG)
Keywords
Where Makhazen is headquartered
LocationHeadquarters
- HQ city
- Kuwait City
- HQ country
- Kuwait
- HQ region
- Middle East
Offices1 record
Markets served
Makhazen business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Warehousing and Logistics Services: KLP (Kuwait Logistics Parks) generates revenue through rental of warehouses (ambient, AC, freezer), light-industrial units, open yards, workshops, retail/showroom space, and labor accommodations. Revenue is KD 151.5 million for FY 2025 from continuing operations.
- Customs Operations and Digitization: GCS (Global Clearinghouse Systems) operates under a 25-year concession for Kuwait customs, providing modernization, trade facilitation, port management, cargo handling, facilities management, and K9 detection services to government authorities.
- Waste Management and Recycling: MRC provides waste management, recycling and industrial solutions including hazardous waste management, scrap metal processing, city cleaning, janitorial services, and facilities management to government, oil and gas, petrochemicals, manufacturing and commercial clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Ready-Built Warehousing - Class A specifications |
| Subscription | Multi-year contract | Built-to-Suit Facilities - Custom specifications |
| Subscription | Multi-year contract | Light-Industrial Units |
| Subscription | Pay-as-you-go | Open Yards |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels10 records
Makhazen product offering
Product offeringCore offering
Makhazen develops and operates industrial logistics parks (warehousing, light-industrial units, open yards, built-to-suit facilities) through Kuwait Logistics Parks (KLP), provides customs digitization and trade facilitation under a 25-year government concession through Global Clearinghouse Systems (GCS), and delivers waste management, metal recycling, and industrial solutions through Metal Recycling Company (MRC). The company primarily serves enterprises, government ministries, and SMEs across Kuwait.
Product overview
Makhazen is a strategic infrastructure operator and developer offering an integrated portfolio of infrastructure and industrial services focused on Kuwait. The company operates three core business lines: Kuwait Logistics Parks (KLP) providing warehousing, light-industrial facilities, and sustainable infrastructure solutions; Global Clearinghouse Systems (GCS) delivering customs modernization and trade facilitation solutions; and Metal Recycling Company (MRC) providing waste management and industrial recycling services. The company also holds a 25% stake in Agility Global, a multi-business owner and investor listed on ADX. KLP Solutions offers various property types including ready-built warehousing, light-industrial units, open yards, and built-to-suit facilities across multiple Kuwait locations. The portfolio includes data center campus offerings for developers and development projects like South Village (S2) serving Sabah Al-Ahmad City.
Differentiator
Problem solved
Functional benefit
Brands
- Kuwait Logistics Parks (KLP): Leading warehousing and logistics provider offering prime locations and facilities at 16 sites across Kuwait
- Global Clearinghouse Systems (GCS)
- Metal Recycling Company (MRC)
- Agility Economic Zones
Products and services
- Kuwait Logistics Parks (KLP)
Quantifiable outcome
- 40% more energy efficient than market baseline (EDGE Advanced certified)
- +5 more outcomes
Companies that use Makhazen
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Makhazen technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Makhazen partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered support, operational, core, strategic, community and long-term.
- Kuwait Financial Centre (Markaz)supportAgility contracted Kuwait Financial Centre (Markaz) to facilitate shareholders obtaining ADX National Investor Number (NIN) and trading accounts for in-kind dividend distribution of Agility Global PLC shares (20.09% of issued share capital distributed in 2025).
- BHM Capital UAEsupportExpedited arrangement with BHM Capital UAE for individual shareholders to obtain ADX NIN and open trading accounts through their online onboarding platform for in-kind dividend distribution.
- Silver OceanoperationalPartner company for city cleaning and janitorial services. Silver Ocean has 2,000+ employees and offers manpower, waste collection, transportation, and specialized janitorial services.
- United Engineering Services (UES)operationalPartner company for HVAC and facilities management services. UES has 200+ project managers, engineers, supervisors and skilled technicians delivering EPC and service contracts to private and public sector clients.
- KNPC and KIPICcoreMetal & Recycling Company awarded contract by Kuwait National Petroleum Company (KNPC) and Kuwait Integrated Petrochemical Industries Company (KIPIC). Facility will recover valuable metals from spent catalysts and support Kuwait's industrial sustainability objectives.
- National Cybersecurity Center (NCSC)strategicStrategic partnership for Kuwait Hackathon cybersecurity competition. Second consecutive year in 2025. 2024 edition: 1,474 participants; 2025 edition: 620+ workshop participants, 220+ hackathon competitors.
- CODED AcademystrategicPartnership with CODED to provide university students with software development skills training including mobile apps, games, and web apps via UniCODE, Kuwait Codes and Academy X training programs. Supported 6,900+ students since 2022.
- Al Ber FoundationcommunityPartnership for Ramadan Machla food box program providing food boxes to families in need during Ramadan.
- Kuwait Food BankcommunityPartnership for Ramadan Machla food box program providing food boxes to families in need during Ramadan.
- Fawzia Sultan Healthcare NetworkcommunityPartnership to provide free healthcare services to lower income children.
- INJAZ Kuwaitlong-termPartnership with INJAZ Kuwait to provide children with employment and entrepreneurial skills development programs.
- LOYAC Kuwaitlong-termPartnership with LOYAC for employment and entrepreneurial skills development program for high-school and university-aged students. Ongoing since 2006.
Scale indicators15 records
Recent moves10 records
Expansion highlights4 records
Makhazen competitors and assessment
Company assessmentRegional players
- Saudi Investment Recycling Company (SIRC): Saudi Arabia's national recycling and waste management vehicle, serving government, oil & gas, and petrochemical clients. Comparable to MRC's industrial and hazardous waste focus in a neighboring Gulf market.
Direct peers
- Averda: Middle East-focused waste management and recycling operator serving municipalities, oil & gas, and commercial customers. Comparable to MRC's municipal cleaning, hazardous waste, and industrial solutions across the Gulf.
- Bee'ah: Sharjah-based integrated waste management and recycling company serving government, oil & gas, and industrial clients. Closely comparable to MRC's hazardous waste, recycling, and industrial services model in a neighboring Gulf market.
- Agility Global: ADX-listed multi-business owner (Menzies Aviation, Tristar, Agility Logistics Parks outside Kuwait, DSV stake). Sister entity under the former Agility corporate umbrella; directly comparable for warehousing/industrial parks and integrated logistics operations across adjacent GCC and global markets.
- Gulf Warehousing Company: Qatar-listed provider of warehousing, logistics parks, and supply chain solutions across the Gulf. Closely comparable to KLP in business model (multi-client industrial real estate and logistics parks) and regional customer base (FMCG, retail, manufacturing).
Broad incumbents
- DSV A/S: World's largest freight forwarder (post GIL acquisition) with global road, air, sea, and contract logistics. Comparable as a broad incumbent; Makhazen indirectly holds a stake via Agility Global's 8% position.
- Veolia Middle East: Global environmental services group with strong Gulf hazardous waste, water, and recycling operations. Comparable as a broad incumbent to MRC's industrial and hazardous waste management services.
- Aramex: Dubai-listed regional logistics and express delivery company serving GCC and emerging markets. Comparable as a broad incumbent in Middle East warehousing, freight, and supply chain services.
- DP World: Global ports and logistics operator with significant GCC presence including Jebel Ali. Comparable as a broad incumbent in port management, customs digitization, economic zones, and end-to-end logistics infrastructure overlapping with GCS and KLP.
Emerging players
- Logos Property Group: Asia-Pacific logistics real estate developer and operator expanding into the Middle East. Comparable as an emerging player in industrial/logistics real estate development competing for institutional tenants in the region.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Makhazen social profiles
Digital presenceMakhazen compliance and trust
Trust signalCompliance9 records
Makhazen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Makhazen leadership team
Management profileNumber of profiles
Profiles8 records
Makhazen subsidiaries and ownership
Company hierarchySubsidiaries4 records
Makhazen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Makhazen M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Makhazen
What does Makhazen do?
Makhazen develops and operates industrial logistics parks (warehousing, light-industrial units, open yards, built-to-suit facilities) through Kuwait Logistics Parks (KLP), provides customs digitization and trade facilitation under a 25-year government concession through Global Clearinghouse Systems (GCS), and delivers waste management, metal recycling, and industrial solutions through Metal Recycling Company (MRC). The company primarily serves enterprises, government ministries, and SMEs across Kuwait.
Is Makhazen a public or private company?
Makhazen is a public company. It is classified as public and is currently operating.
When was Makhazen founded?
Makhazen was founded in 1979.
Where is Makhazen based?
Makhazen is headquartered in Kuwait City, Kuwait, in the Middle East region.
How does Makhazen make money?
Three revenue lines are on record. Warehousing and Logistics Services are the primary driver. The others are customs Operations and Digitization and waste Management and Recycling.
Who are Makhazen's main competitors?
Saudi Investment Recycling Company (SIRC) is listed as a regional player. Direct peers are Averda, Bee'ah, Agility Global and Gulf Warehousing Company. Broad incumbents are DSV A/S, Veolia Middle East, Aramex and DP World. Logos Property Group is listed as an emerging player.
Does Makhazen have an API?
No public API is recorded for Makhazen.
What industry is Makhazen in?
Makhazen's product category is Industrial Logistics Infrastructure. Its primary akta.pro industry code is TLALAAAA, Multi-Client Public Warehousing (Dry), with a secondary code of EUAIAFAG, Industrial Hazardous Waste Services (Manufacturing, Refineries, Metals, Automotive). Its NAICS code is 493110 and its SIC code is 4220.