Latest news with #AbdullaBinFahadBinJassimbinJaberAlThani
Zawya
09-04-2025
- Business
- Zawya
Qatar: GWC receives ratings from Capital Intelligence with ‘stable' outlook
Doha, Qatar: Gulf Warehousing Company Q.P.S.C (GWC), one of the leading logistics providers in the MENA region, announced that Capital Intelligence (CI) has assigned the company first-time Long- and Short-Term ratings on the Qatar National Scale of 'qaA-' and 'qaA2', respectively. The Outlook on the ratings is 'Stable'. The international agency confirmed that GWC is by far the largest logistics services provider in Qatar, and it has a dominant market share in its home market. Moreover, it enjoys a strong financial position, while its wholly owned subsidiary, Flag Logistics, launched in early 2024, is performing well with promising future expansion opportunities. According to Capital Intelligence, GWC's current focus at home will increasingly be on improving margins by introducing higher value-added supply chain services, supported by its solid capital base. This base is set to be bolstered as a result of the planned issue of a subordinated perpetual sukuk, which was recently approved by GWC's Extraordinary Assembly General Meeting in compliance with Islamic Sharia principles, with a total value of QR2bn (or its equivalent in other currencies). The agency also highlighted GWC's credit strengths, including strong cash flows, as the company works on increasing overall occupancy at its existing facilities in Qatar while simultaneously aiming to grow the proportion of higher margin 3PL (third-party logistics) and 4PL (fourth-party logistics) revenues in its overall top line. Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, GWC Managing Director, said: 'Capital Intelligence is one of the largest rating agencies in the world, and therefore, its first-time rating of GWC with a stable outlook is an international endorsement of the strength of the business model. It clearly reflects the company's leadership position in the logistics sector and the significant progress it has made in enhancing its performance, alongside the current expansion strategy to diversify income sources, maintain stable cash flows, and ensure sustainable profitability.' Matthew Kearns, GWC's Acting Group CEO, said: 'This rating aligns closely with the efforts to enhance GWC's performance in the logistics sector, support small and medium-sized enterprises, foster innovation, focus on sustainability, and contribute effectively to the diversification of the national economy and Qatar's National Vision 2030. The rating also serves as a major catalyst to further improve performance in the upcoming period and deliver the best value for shareholders.' GWC is maintaining its position as the premier provider of warehousing and distribution solutions across diverse sectors, serving entrepreneurs, micro, small and medium enterprises, as well as multinational corporations. GWC's contributions to the logistics sector were recognised with multiple awards in 2024. The Al Wukair Logistics Park was named 'Project of the Year' by meed projects showcasing GWC's ability to deliver forward-thinking infrastructure that meets the evolving needs of the market. Additionally, Qatar's General Authority of Customs honoured GWC for its efforts in streamlining customs processes, further cementing its reputation as a trusted logistics partner. GWC was also ranked ninth regionally in the transport and logistics category on Forbes Middle East's Sustainability Leaders 2023 and 2024. The prestigious list recognizes 105 companies leading impactful sustainability initiatives across the region. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
24-02-2025
- Business
- Zawya
GWC announces opening of new logistics hub in Qatar
Qatar - Gulf Warehousing Company (GWC), one of the leading logistics providers in the Mena region, has announced the launch of a cutting-edge logistics hub at Ras Laffan, dedicated to servicing the country's vital oil and gas industry. This new facility has been developed to support the continued growth and development of Qatar's energy sector, particularly with the implementation of the North Field Expansion Project - the world's largest LNG project currently under construction - in line with Qatar National Vision 2030, which prioritises the Optimum exploitation of hydrocarbon resources. The expansive hub boasts an indoor bulk storage warehouse covering more than 5,300 sq m which is fully air-conditioned and with a 25-tonne overhead crane, said GWC in a statement. Additionally, an indoor racked storage distribution centre (DC) offers thousands of pallet locations. According to GWC, the facility also includes five workshops, each spanning 1,000 sq m and equipped with drive-in facilities and 10-tonne overhead cranes with a 20-m span – ensuring seamless handling of heavy equipment and machinery. Another key highlight of the hub is its 14,000-sq-m heavy-duty interlocked laydown yard, equipped with comprehensive drainage, lighting, and fencing, providing secure and versatile outdoor storage solutions, it stated. Speaking at the launch, Managing Director Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, said this state-of-the-art hub represents a significant milestone for GWC as we continue to expand our capabilities and cater to the unique needs of Qatar's oil and gas sector. "Our investment in this facility underscores our unwavering commitment to supporting the nation's energy sector," he stated. Acting Group CEO Matthew Kearns, highlighting the strategic importance of the hub, said: "The Ras Laffan hub is tailored to provide efficient, reliable, and scalable logistics solutions to the oil and gas industry. With cutting-edge facilities and technology, we are poised to enhance operational efficiencies and support the complex logistics needs of our clients in this critical sector." "This facility is a testament to GWC's proactive approach in fostering the growth of Qatar's energy sector, in harmony with Qatar National Vision 2030, while further reinforcing its ongoing comprehensive expansion strategy," stated Kearns. The Ras Laffan hub further cements GWC's position as a logistics leader in the Mena region and globally, offering comprehensive solutions that drive efficiency and growth for Qatar's key industries, he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
23-02-2025
- Business
- Trade Arabia
GWC announces opening of new logistics hub in Qatar
Gulf Warehousing Company (GWC), one of the leading logistics providers in the Mena region, has announced the launch of a cutting-edge logistics hub at Ras Laffan, dedicated to servicing the country's vital oil and gas industry. This new facility has been developed to support the continued growth and development of Qatar's energy sector, particularly with the implementation of the North Field Expansion Project - the world's largest LNG project currently under construction - in line with Qatar National Vision 2030, which prioritises the Optimum exploitation of hydrocarbon resources. The expansive hub boasts an indoor bulk storage warehouse covering more than 5,300 sq m which is fully air-conditioned and with a 25-tonne overhead crane, said GWC in a statement. Additionally, an indoor racked storage distribution centre (DC) offers thousands of pallet locations. According to GWC, the facility also includes five workshops, each spanning 1,000 sq m and equipped with drive-in facilities and 10-tonne overhead cranes with a 20-m span – ensuring seamless handling of heavy equipment and machinery. Another key highlight of the hub is its 14,000-sq-m heavy-duty interlocked laydown yard, equipped with comprehensive drainage, lighting, and fencing, providing secure and versatile outdoor storage solutions, it stated. Speaking at the launch, Managing Director Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, said this state-of-the-art hub represents a significant milestone for GWC as we continue to expand our capabilities and cater to the unique needs of Qatar's oil and gas sector. "Our investment in this facility underscores our unwavering commitment to supporting the nation's energy sector," he stated. Acting Group CEO Matthew Kearns, highlighting the strategic importance of the hub, said: "The Ras Laffan hub is tailored to provide efficient, reliable, and scalable logistics solutions to the oil and gas industry. With cutting-edge facilities and technology, we are poised to enhance operational efficiencies and support the complex logistics needs of our clients in this critical sector." "This facility is a testament to GWC's proactive approach in fostering the growth of Qatar's energy sector, in harmony with Qatar National Vision 2030, while further reinforcing its ongoing comprehensive expansion strategy," stated Kearns. The Ras Laffan hub further cements GWC's position as a logistics leader in the Mena region and globally, offering comprehensive solutions that drive efficiency and growth for Qatar's key industries, he added.
