Kuwait's Agility, the largest Gulf Arab transport logistics company, expects revenue to more than double in the next five years as it focuses on emerging markets, its chief executive said.

The company is one of Kuwait's corporate success stories but has had to look beyond domestic markets as Middle East companies have reined in spending in the face of reduced oil revenues in the region.

Agility, which is present in about 100 countries, announced in February that it would spend up to $100 million this year on expansion in Africa, but CEO Tarek Sultan outlined for the first time on Tuesday how it expects to benefit from its shifting focus.

"By 2020 we expect to be anywhere from $10 billion to $15 billion in revenue, with earnings before interest, tax, depreciation and amortisation (EBITDA) of $1 billion," he told Reuters on the sidelines of a conference.

Annual revenue is currently about $5 billion, with Asia accounting for $1.5 billion, the Middle East and Africa $1 billion and the rest coming from Europe and the Americas, Sultan said.

Since February Agility has invested in Ivory Coast and plans to spend on logistics infrastructure in various African countries. One recent sizeable investment was in tankers to distribute oil and gas and refined products, he added.

Though the plunge in crude oil prices has weighed on Agility's core markets, lower fuel prices have brought significant reduction to its global fuel costs, Sultan said. - Reuters