Officials of GWC and Al Asmakh Real Estate Development during the signing ceremony held at GWC headquarters.
Doha: GWC and Al Asmakh Real Estate Development have signed a Management Agreement that will bring the Al Asmakh Logistics Park under the management of GWC for a 22-year period between 2018 – 2040.
GWC Group CEO Ranjeev Menon and Hassan Ibrahim Al Asmakh, Vice President and CEO of Al Asmakh Real Estate Development Company signed the agreement at an event held at GWC headquarters, in the presence of representatives from the Economic Zones Company (Manateq), officials from the companies and media representatives.
Strategically located in the growing North Doha districts, the Al Asmakh Logistics Park boasts a number of features specifically tailored to serve the needs of the nation’s small and medium enterprise sector (SMEs).
GWC Chairman Sheikh Abdullah bin Fahad bin Jassem bin Jabor Al Thani stated: “We are honoured to enter this Management Agreement with Al Asmakh, the real-estate giants of Qatar, and to extend to them the trust that GWC gained from the Government and private sectors alike, is the backbone for ensuring the success and maximized utilization of Al Asmakh Logistics Park.”
With GWC undertaking the management of Al Asmakh Logistics Park, the business community will directly benefit from GWC’s expertise in providing unparalleled logistical support for more than a decade.
Ibrahim Hassan Al Asmakh, President of Al Asmakh Real Estate Development company said: “entering this agreement with GWC, the leaders of logistics services, will further enhance the delivery of the project’s objectives to the end-user. We trust that the Al Asmakh Logistics Park is now in safe hands, and will stand as an example of the power of cooperation between Qatari companies encouraged by the wise leadership of the Emir HH Sheikh Tamim bin Hamad Al Thani”.
Al Asmakh Real Estate Development company has developed a logistics park over an area of 496,410 square meters, offering various storage solutions, including: 111,329 square meters of dry warehousing; 32,067 square meters of air-conditioned warehousing; 31,618 square meters of chilled warehousing; 13,916 square meters of frozen warehousing; and 17,604 square meters of open yard storage. To ensure the creation of a self-contained, harmonious, business community, Al Asmakh also included in the design of the park, various amenities, including a community centre, accommodation buildings, and a mosque. For ease of access, the park features sufficient parking for clients and guests, while security is maintained through measures active around the clock.
GWC has a proven track record in the management of several hubs, among them are the 1-million square meter Logistics Village Qatar (LVQ), the over half-million square GWC Bu Sulba Warehousing Park, and the Oil and Gas dedicated Ras Laffan Industrial City Logistics Hubs, in addition to several others in Doha and Messaieed. These hubs provide a full range of logistics solutions and services that are easy to access and immediately operational, offering all the logistics requirements of all economic sectors in the State of Qatar and for regional and international corporations.
“It is this track record of excellence that we wish to bring to bear in the operation and management of the Al Asmakh Logistics Park, to ensure the best possible outcomes for clients, stakeholders, and our beloved Nation,” added Al Thani.
