Qatar: GWC posts $193mln revenue in H1; net profit hits $17mln
Announcing the group's financial results for the first six months ending June 30, 2025, GWC Chairman Sheikh Mohammed Bin Hamad Bin Jassim Bin Jaber Al Thani, said: "Logistics plays a vital role in facilitating the movement of goods and services and boosting both domestic and international trade. It also serves as a fundamental pillar in diversifying the national economy in line with the Third National Development Strategy and Qatar National Vision 2030."
"With its strategic advantages, Qatar is well-positioned to become a global logistics hub. In this context, GWC is proud to support the growth of the logistics sector, maintaining a leading position in the Qatari market by offering a comprehensive range of services that include warehousing, distribution, records management solutions, logistics hubs, freight forwarding, fine art logistics, transportation, air and sea freight, and customs clearance," he added.
He pointed out that GWC was steadily increasing its support for small and medium-sized enterprises (SMEs) through Al Wukair Logistics Park, which spans 1.5 million sq m and offers world-class infrastructure and a solid platform for business growth and expansion.
"At the same time, we are fully prepared to seize the opportunities presented by the North Field Expansion Project —the world's largest LNG project currently under construction—with the first phase set to begin production by mid-next year. In February, GWC launched a cutting-edge logistics hub in Ras Laffan, dedicated to serving Qatar's oil and gas industry," stated Sheikh Mohammed.
This facility complements the operations of GWC Energy, a wholly owned subsidiary of GWC, he added.
Managing Director Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani said the company continues to implement an expansion strategy based on a solid financial foundation and a diversified portfolio of investments across sectors and geographies.
"This approach enables us to adapt to fluctuations in the operational environment, diversify income sources, and reinforce the company's leadership in the regional logistics sector. At the same time, we are undertaking a comprehensive development of our services, focusing on seizing investment opportunities with carefully studied risks and returns, enhancing our competitive capabilities, and maintaining sustainable profitability through prudent risk management," he noted.
"Our subsidiaries continue to expand regionally and forge strategic partnerships in high-potential markets. At the same time, we are expanding into new sectors while entering new markets," stated the top official.
"As part of this growth, GWC has signed a strategic service agreement with Huawei to provide delivery services for its official e-commerce store across Qatar, ensuring an exceptional customer experience. This move marks a significant expansion in the e-commerce sector and aligns with our strategy to offer innovative logistics solutions," he added. -TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
11 hours ago
- Khaleej Times
UAE, Saudi Arabia drive $59b merger surge in Middle East
The Middle East and North Africa's mergers and acquisitions (M&A) landscape showed remarkable momentum in the first half of 2025, with the UAE and Saudi Arabia continuing to lead the region's deal value. According to the latest EY Mena M&A Insights report, a total of 425 deals worth $58.7 billion were recorded in H1 2025, marking a 31 per cent increase in volume and a 19 per cent rise in value compared with the same period last year. The UAE and Saudi Arabia together attracted $27.9 billion in investments, reinforcing their status as the twin anchors of the region's deal-making ecosystem. The UAE accounted for $25.4 billion of this figure, underscoring its position as the top destination for international investors, while Saudi Arabia drew $2.5 billion, reflecting its growing role in diversifying beyond oil and into sectors such as chemicals, technology, industrials, and real estate. The combined contribution of these two Gulf economies amounted to nearly half of all deal value in the region, demonstrating their pivotal role in shaping the MENA investment landscape. The period was characterised by an unprecedented surge in cross-border transactions, which climbed to a five-year high. Cross-border deals accounted for 233 out of the 425 total transactions, with a combined value of $45.9 billion. This represented 55 per cent of total deal volume and 78 per cent of overall value. Chemicals and technology were the standout sectors, together contributing 67 per cent of cross-border deal value. The largest deal was the $16.5 billion acquisition of a 64 per cent stake in Borouge by Borealis AG and OMV AG, underscoring the appeal of the UAE's industrial and chemicals sector to international capital. Analysts point out that this surge in activity reflects the region's resilience and adaptability amid global headwinds. 'The positive performance in the first half of 2025 underscores the strength, dynamism, and resilience of Mena's M&A market,' said Brad Watson, Mena EY-Parthenon leader. 'We are witnessing record-breaking cross-border activity as investors look beyond short-term volatility, actively pursuing scale, innovation, and new market opportunities. The UAE, in particular, remains a magnet for global capital, supported by a stable regulatory framework and a focus on economic diversification, while regional partnerships with Europe, Asia, and North America are opening doors to fresh growth channels.' Domestic and inbound M&A also saw strong gains. Domestic deals accounted for 192 transactions worth $12.8 billion, representing 45 per cent of total volume and 22 per cent of total value, nearly doubling year-on-year. Diversified industrial products and technology were the primary drivers. The largest domestic deal was Abu Dhabi-based Group 42's $2.2 billion purchase of a 40 per cent stake in Khazna Data Center, highlighting continued investor appetite in the digital infrastructure sector. Inbound activity rose sharply, with 107 deals worth $21.5 billion, an increase of 53 per cent in volume and more than threefold in value from $6.4 billion in H1 2024. The UAE was again the standout performer, accounting for 50 per cent of inbound deal volume and an overwhelming 98 per cent of inbound value. Austria emerged as the leading investor, contributing 77 per cent of inbound deal value, driven largely by the Borouge chemicals sector transaction. Outbound deal-making also grew steadily, with 126 transactions valued at $24.4 billion, up 30 per cent in volume from the previous year. The UAE and Saudi Arabia were central players, together accounting for 87 per cent of outbound value. Prominent deals included Adnoc and OMV AG's acquisition of Canada's Nova Chemicals and Saudi Aramco's $3.5 billion purchase of Primax in South America, illustrating how Gulf energy and industrial champions are extending their global footprint. A key feature of the first half was the significant role of sovereign wealth funds and government-related entities, which contributed $21 billion across 54 deals. Entities such as the Abu Dhabi Investment Authority (Adia), Public Investment Fund (PIF), and Mubadala were highly active, focusing on chemicals, technology, and industrial sectors that align with long-term national diversification agendas. Anil Menon, Mena EY-Parthenon head of M&A and Equity Capital Markets leader, noted that the region's fundamentals remain highly attractive for investors. 'Mena's deal-making continues to thrive in 2025, reflecting investor confidence in the region's long-term fundamentals. Stable oil prices, ongoing infrastructure development, and a strategic focus on technology, chemicals, and industrials are creating solid foundations for sustained activity.'
Zawya
12 hours ago
- Zawya
Mideast Stocks: Most Gulf bourses slip on geopolitics, Fed rate cut uncertainty
Most Gulf equities ended lower on Monday, led by the Qatar index, as investors turned cautious while awaiting developments from a meeting between the U.S. and Ukraine presidents, and an annual Federal Reserve conference at Jackson Hole. Friday's U.S. data showed July retail sales rose as expected, but weaker consumer confidence and softer factory output suggested tariffs were weighing on parts of the economy, clouding the Fed's rate path. Traders are pricing an about 85% chance of a 25-basis-point cut on September 17, with further easing by year-end. Monetary policy shifts in the U.S. have a significant impact on Gulf markets, where most currencies are pegged to the dollar. Meanwhile, U.S. President Donald Trump said Ukraine should abandon hopes of regaining annexed Crimea or joining NATO, ahead of a meeting with Ukraine's Volodymyr Zelenskiy and European leaders in Washington. The Qatari benchmark index was down for a second day and fell 0.6% as investors took profits after an earnings-fuelled rally, with all constituents in the red. Qatar National Bank declined 0.9% and Industries Qatar fell 1.5%. Saudi Arabia's benchmark stock index slipped 0.1%, ending a two-session rise, with most stocks lower. ACWA Power fell 1.5%, while Saudi Arabian Mining and Umm Al Qura for Development and Construction each lost 1.1%. Umm Al Qura said it sold a land plot for 145.1 million riyals. The Abu Dhabi benchmark index eased 0.1%, its ninth straight decline and longest losing streak since February 2024. Abu Dhabi Islamic Bank fell 1.6% and First Abu Dhabi Bank slipped 1.3%. "GCC markets are exhibiting signs of consolidation after a period of strong gains following the end of the Q2 earnings season," said Milad Azar, market analyst at XTB MENA. Dubai's benchmark stock index rose for a third straight session and inched up 0.1%, supported by gains in finance and real estate shares. Emaar Properties advanced 1% and Emirates NBD, the emirate's largest lender, added 1.2%. Outside the Gulf, Egypt's blue-chip index fell 0.4%, pressured by a 3.8% drop in a tobacco maker Eastern Company and a 1.3% decline in Talaat Moustafa. Arabian Cement jumped 5.6% after second-quarter group profit more than tripled. SAUDI ARABIA lost 0.1% to 10,886 KUWAIT down 0.4% to 9,318 QATAR fell 0.6% to 11,516 EGYPT down 0.4% to 35,825 BAHRAIN lost 0.1% to 1,934 OMAN up 0.2% to 4,930 ABU DHABI down 0.1% to 10,213 DUBAI added 0.1% to 6,129 (Reporting by Md Manzer Hussain; Editing by Leroy Leo)
Arabian Business
13 hours ago
- Arabian Business
UAE leads MENA M&A boom with $25.4b as regional deals hit $58.7b in H1 2025
The MENA region recorded 425 merger and acquisition (M&A) deals in the first half of 2025, marking a 31 per cent increase in volume and a 19 per cent rise in value to $58.7bn (AED215.6bn) compared with the same period in 2024, according to the latest EY MENA M&A Insights report. This performance builds on momentum from 2024, supported by regulatory reforms, policy shifts, and a resilient macroeconomic outlook. While activity slowed slightly in Q2 due to shifting global trade policies and regional conflicts, dealmaking remained robust, with diversification strategies and high-potential sectors fuelling growth. UAE leads MENA M&A activity Cross-border transactions accounted for 233 deals worth $45.9bn (AED168.5bn), representing 55 per cent of total volume and 78 per cent of total value in H1 2025 — the highest level in five years. Chemicals and technology dominated, contributing 67 per cent of cross-border deal value, led by Borealis AG and OMV AG's $16.5bn (AED60.6bn) acquisition of a 64 per cent stake in Borouge plc. Brad Watson, MENA EY-Parthenon Leader, said: 'The positive performance in the first half of 2025 underscores the strength, dynamism, and resilience of MENA's M&A market. We are witnessing record-breaking cross-border activity as investors look beyond short-term volatility, actively pursuing scale, innovation, and new market opportunities. 'The UAE, in particular, remains a magnet for global capital, supported by a stable regulatory framework and a focus on economic diversification.' The UAE and Saudi Arabia attracted a combined $27.9bn (AED102.3bn) in the first half of 2025. The UAE led with $25.4bn (AED93.3bn), while Saudi Arabia secured $2.5bn (AED9.1bn), mainly in chemicals, technology, industrials, and real estate. Inbound M&A surged 53 per cent to 107 deals, with value soaring from $6.4bn (AED23.5bn) in H1 2024 to $21.5bn (AED79.1bn). The UAE captured 50 per cent of inbound volume and an extraordinary 98 per cent of inbound value, with Austria contributing 77 per cent of inbound investment on the back of landmark chemical sector transactions. Domestic deals totalled 192 transactions worth $12.8bn (AED47.1bn), a 22 per cent rise in volume and a 94 per cent jump in value year-on-year. The largest was Group 42's $2.2bn (AED8.1bn) acquisition of a 40 per cent stake in Khazna Data Centre. Outbound activity climbed to 126 deals worth $24.4bn (AED89.6bn), up 30 per cent in volume compared with H1 2024. The UAE and KSA accounted for 87 per cent of outbound value, with notable transactions including ADNOC and OMV AG's acquisition of Canada's Nova Chemicals, and Saudi Aramco's $3.5bn (AED12.9bn) purchase of Primax in South America. Government-related entities and sovereign wealth funds contributed $21bn (AED77.1bn) across 54 deals, led by ADIA, PIF, and Mubadala. Activity focused on chemicals, technology, and industrials, aligned with national diversification strategies. Anil Menon, MENA EY-Parthenon Head of M&A and ECM Leader, said: 'Stable oil prices, ongoing infrastructure development, and a strategic focus on technology, chemicals, and industrials are creating solid foundations for sustained activity. 'As the year progresses, we expect intensifying competition for high-quality assets, particularly those aligned with national transformation agendas and offering strategic value beyond financial returns.'
