GWC accredited as GCC Authorized Economic Operator

Obtaining the accreditation strengthens the company’s position as the top logistics supplier

GWC announces 2022 annual financial results

Reports US$ 65.81mn in net profits for the calendar year

GWC recently announced its results for the financial year ending 31 December 2022 achieving net profits of US$ 65.81mn (QAR 239.6mn), with gross revenues reaching US$ 417.2mn (QAR 1.519bn) at the end of 2022.

“2022 was a milestone year for GWC. Our expertise, coupled with our determination and dedication to excel and go the extra mile placed us in good stead as we delivered seamless and timely logistical services to make FIFA World Cup Qatar 2022TM a roaring success,” remarked Sheikh Abdulla Bin Fahad Bin Jassem Bin Jaber Al Thani, Chairman, GWC.

He also praised the GWC team over the last decade for innovating new benchmarks in the logistics industry.

Qatar’s GWC has been accredited in the GCC Authorized Economic Operator Program, adding another feather to its cap as it pursues out its mission to deliver unrivaled service to its clients, the company said in a press statement.

The formal commencement of the GCC AEO Program on 1 January 2023, enables GWC to function as an authorized economic operator. This comes as a progression to GWC becoming the first logistics company in Qatar to get Authorized Economic Operator (AEO) certification in customs clearance category in 2021.

With quicker turnaround and greater compliance with top-notch safety and security standards, GWC is able to offer its diverse range of services, given its capabilities.

“Obtaining the GCC AEO Programme accreditation strengthens our position as the top logistics supplier in Qatar. This is the result of our efforts to provide the best caliber of services, and it gives us tremendous pride. We look forward to helping our clients and providing them with enhanced supply chain solutions,” stated Ranjeev Menon, Group CEO, GWC.

In accordance with World Customs Organization norms, the General Authority of Customs introduced the Authorized Economic Operation Program in 2019 to foster engagement and cooperation with the private sector to facilitate international trade.

The GCC Authorized Economic Operators are given additional benefits and incentives by the General Authority of Customs in the State of Qatar which streamlines the customs’ processes for the certified businesses, the press note concluded.

FIFA World Cup Qatar 2022TM

The successful implementation of the World Cup was an endorsement of the company’s confidence in delivering seamless logistical execution. Building a dedicated workforce of 5,000+ spread across diverse geographies around the world that was skilled to tackle logistical challenges at scale was no easy feat.

2022 was also the year where we built on longstanding partnerships and forged new ones with global strategic partners, such as with Qatar University and Ponticelli.

For GWC, sustainability has been at the core of all its initiatives, whether it is a beach clean-up, and tree plantation or recycling wooden pellets to delivering a sustainable FIFA World Cup Qatar 2022™.