GWC
GWC announces US$ 61.8mn in net profits for 2021 Gross revenues reach US$ 357mn at end of 2021
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WC recently announced its financial results for the financial year ending 31 December 2021 achieving net profits of QAR 225mn (US$ 61.8mn), with gross revenues reaching QAR 1.3bn (US$ 357mn) at the end of 2021. “I take this opportunity to extend my gratitude to all our stakeholders and partners, who continue to trust and encourage us to exceed their expectations. We have a lot to look forward to this year and we will endeavour to build on our
28 MARCH 2022
achievements,” stated Sheikh Abdulla Bin Fahad Bin Jassem Bin Jabor Al Thani, Chairman, GWC.
Sustainable Growth GWC established Qatar’s first logistics hub in Ras Bufontas Free Zone. This Regional Logistics Hub offers freight, customs clearance, acclimatized storage, transportation, and the company’s advanced IT infrastructure, among other services. The hub features two warehouses,
which offer unmatched logistical and last mile delivery options to the aviation, pharmaceutical and events industries including the FIFA World Cup Qatar 2022. The Hub is also home to UPS Customer Center. Over the last 15 months, GWC has underlined its critical role in the nation’s medical cold supply chain, ensuring the safe delivery of the Covid-19 vaccine from airport to vaccination centers, as the Authorized Service Contractor for UPS in the State of Qatar.
