Gulf Warehousing wins logistics award

01 January 2017

Gulf Warehousing Company (GWC), a leading logistics provider in Qatar, recently won an award for innovation at the Enterprise Agility Awards, organised by BNC publishing. The event was held in Doha, Qatar.

The Enterprise Agility Awards recognise and honour enterprise leaders and individuals who have distinguished themselves and shown sector significance and outstanding business conduct across a variety of industries that are key drivers of respective Middle East’s economies.

GWC was recognised with the ‘Enterprise Agility Award 2016 for Logistics Innovation’ at the event, said a statement from the company.

Abdulaziz Al Sahlawi, director of public relations, GWC, said: “We are delighted for the recognition that our company has received towards developing innovative solutions and bespoke infrastructure in line with our clients’ needs and requirements.”

Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani, chairman, GWC, said: “GWC continuously demonstrates the flexibility necessary to fulfil the needs of the local economy in times of change, supporting the growth of new economic sectors, while remaining true to its purpose of supporting Qatar National Vision 2030 of becoming a sustainable and diverse economy, while ensuring the best possible returns to our stakeholders.”

GWC continues to grow in the Qatari market, it recently reported an increase of 11 per cent in its net profits, achieving QR150 million ($41.2 million) at the end of the third quarter of 2016, as compared to QR135 million ($37.08 million) in the same period in 2015, said a statement.

The company’s total revenues also grew to QR634 million ($174.12 million) at the end of the quarter, a 4 per cent increase from QR608 million ($166.9 million) in the first three quarters of 2015, it said.

The company’s assets continued to develop, with total assets reaching QR3.61 billion ($991.4 million) by the end of September 2016, compared with QR2.981 billion ($818.6 million) at the end of December 2015, representing a 21 per cent growth, it stated.

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