Makhazen

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

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

• Industrial logistics parks
• Warehousing services
• Customs digitization
• Waste management recycling
• Logistics infrastructure

Headquarters

HQ city

Kuwait City

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core 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

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Twelve partnerships are on record, tiered support, operational, core, strategic, community and long-term.

• Kuwait Financial Centre (Markaz)supportStrategic or Co-development Partner · 1 June 2025Agility 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 UAEsupportStrategic or Co-development Partner · 1 June 2025Expedited 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 OceanoperationalStrategic or Co-development Partner · 1 January 2025Partner 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)operationalStrategic or Co-development Partner · 1 January 2025Partner 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 KIPICcoreStrategic or Co-development Partner · 1 January 2025Metal & 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 or Co-development Partner · 1 January 2024Strategic 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 AcademystrategicStrategic or Co-development Partner · 1 January 2022Partnership 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 FoundationcommunityStrategic or Co-development Partner · 1 January 2019Partnership for Ramadan Machla food box program providing food boxes to families in need during Ramadan.
• Kuwait Food BankcommunityStrategic or Co-development Partner · 1 January 2019Partnership for Ramadan Machla food box program providing food boxes to families in need during Ramadan.
• Fawzia Sultan Healthcare NetworkcommunityStrategic or Co-development Partner · 1 January 2010Partnership to provide free healthcare services to lower income children.
• INJAZ Kuwaitlong-termStrategic or Co-development Partner · 1 January 2007Partnership with INJAZ Kuwait to provide children with employment and entrepreneurial skills development programs.
• LOYAC Kuwaitlong-termStrategic or Co-development Partner · 1 January 2006Partnership 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

Regional 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

• Xx.com/makhazenkw
• Facebookfacebook.com/makhazenkw
• LinkedInlinkedin.com/company/makhazenkw
• Instagraminstagram.com/makhazenkw

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Makhazen