GWC, Qatar’s leading provider of logistics and supply chain solutions, concluded 2016 with one of the healthiest growth rates by achieving an increase of 11 percent in net profits with QR205.7m, as compared with QR185.2m posted a year ago. The company has maintained its growth by increasing its operational efficiency, improving its profit margins, and actively seeking new revenue streams, drawing in gross revenues of QR 849.5m at the end of 2016, up 8 percent from QR787.9m in 2015.
The company’s assets continued to develop, with total assets reaching QR3.741bn by the end of December 2016, compared with QR2.981bn at the end of December 2015, representing a 26 percent growth.
“Every effort has been taken to ensure that the company serves the best needs of the state of Qatar as it diversifies from oil dependency to a diversified and sustainable economy,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani (pictured) “It is through this lens that we find, in the current climate, a wealth of opportunity to develop, innovate and prosper, thereby recompensing our stakeholder’s investment and trust in us, and our pursuit of the Qatar National Vision 2030,”
GWC has moved forward on its various development initiatives in 2016, with its resources poured into the completion of the GWC Bu Sulba Warehousing Park, with preparations for launch of operation set for the first quarter of 2017. The 517,375 square meter facility is equipped to handle the varying demands of the small and medium enterprise (SME), demonstrating flexibility in design and service needed to accommodate the diverse industries it will serve.
The company also saw developments in its various current facilities, with the completion of the Phase V expansion in the Logistics Village Qatar (LVQ) adding 45,000 square metres of storage capabilities within the one million square meter fully-integrated logistics hub, in addition to new accommodation and recreational facilities. GWC also added 64,000 square metres of fully-integrated, specialised Hazmat logistics solutions to its Ras Laffan Industrial City hub in the West Side Support Area at the beginning of 2016.
GWC Contract Logistics expanded on a number of their contracts, completing the roll-out of several programs it had begun for clients in the health, retail and telecom sectors.
GWC Forwarding held on to its position as the No. 1 freight forwarder in Qatar, and enhanced value for its clients’ projects by offering new products that reduce turnaround time for many shipments.
