GWC leads the transport and logistics sectors in Qatar

The Company is a catalyst for sustainable economic growth and innovation

As the backbone of supply chain, road transport plays a pivotal role in connecting its various links, from raw material origins to final customer delivery, for this premier Qatari provider of comprehensive logistics services.

With the Ministry of Transport finalizing the Qatar Freight Master Plan (QFMP), attention has shifted to establishing an integrated, effective, and multimodal road freight system that supports Qatar’s continued economic development needs; providing strategic road transport solutions that are efficient and competitive; integrating seamlessly with air and sea freight; ultimately reinforcing sustainable economic diversification and strengthening competitive advantages in regional and global arenas.

Leading example of innovation

Gulf Warehousing Company (GWC) emerges as a leading example of innovation and adaptability amid the industry’s changing dynamics, poised to navigate forthcoming challenges and prepared to establish pioneering standards of excellence in logistics.

With over two decades of experience, GWC is strategically positioned to take on the logistical needs and challenges of the transport sector with efficiency and adaptability. Thanks to its transport fleet (the largest in Qatar), cutting-edge tracking systems, and tailored solutions, clients across diverse industries are provided with competitive advantage and added value that is integrated into their supply chain.

“Amidst the finalization of the Qatar Freight Master Plan, GWC will continue to support the country’s efforts in actualizing Qatar’s Third National Development Strategy (2024-2030), which consolidates Qatar international position as one of the most competitive and sustainable countries to provide innovative transport solutions that support the national economy,” stated Ranjeev Menon, CEO, GWC Group.

A Robust Transport Management System

GWC’s success in road transport is significantly influenced by its cuttingedge transport management system, which seamlessly integrates technology to plan, execute, and optimize the movement of goods. The system provides a comprehensive view of operations, from analytics to real-time tracking.

Ensuring Safe Transportation and Deliveries

Safety is a paramount practice at GWC. The company fosters a “safety-first” culture by adhering to recognized standards and guidelines, continuous staff training, journey management based on risk assessment and proactive risk mitigation. Integral to our commitment to safety is ensuring optimal vehicle conditions and driver training to handle emergencies.

Additionally, GWC employs meticulous compliance and safety guidelines throughout the transportation processes based on the various cargo categories it handles, including dangerous goods.

Performance Metrics and Continuous Improvement

GWC sets benchmarks for operational efficiency, monitoring fleet utilization, as well as repair and fuel costs. Rigorous monitoring identifies areas for improvement to ensure sustainable practices and environmentally conscious operations.

Accident rate reduction and driver performance assessments are pivotal in our continuous improvement strategy. An incentive-based scheme motivates drivers to adhere to safety protocols, maintain fuel efficiency, and exhibit professionalism on the road.

Sector-Specific Solutions

GWC offers tailored solutions that serve different sectors through its diverse transport fleet. Most prominent among them is the oil and gas sector, which it supports by organizing the safe transport of chemicals and petrochemicals and providing specialized carriers for hazardous materials.

GWC appoints New Managing Director and Board Member

Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani gets top position

Gulf Warehousing Company has appointed Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani as its Managing Director and Board Member.

As a company deeply rooted in Qatar’s economic landscape, GWC is playing a pivotal role in achieving the nation’s ambitions of becoming a global hub for logistics services and enhancing its appeal as a centre for global investment and business, according to a recent press communique.

“Sheikh Abdulla brings a wealth of leadership, experience, and vision as we seek to capitalize on new opportunities and overcome challenges, while pursuing our strategic objectives of growth, innovation, and sustainability,” stated Sheikh Mohammad Bin Hamad Bin Jassim Al Thani, Chairman, GWC.

“With steadfast support from Qatar’s visionary leadership, esteemed stakeholders and shareholders, and the invaluable trust of our clients, GWC is poised to continue driving the progress in the logistics sector, while actively fostering growth and advancement in Qatar and across the region,” added Sheikh Mohammad.

Development Strategy

GWC’s strategic initiatives are closely aligned with Qatar’s Third National Development Strategy 2024-2030, particularly in meeting the requirements of economic diversification clusters for logistics and shipping services.

Through these efforts, GWC significantly contributes to enhancing Qatar’s position as a global focal point for shipping, transportation, and logistics services, thereby working towards the country’s objective of achieving a top 15 ranking in the worldwide Logistics Performance Index.

“Throughout 20 years of industry leadership, the GWC team has proven that commitment and diligence are the cornerstones of logistics excellence. Together, we will continue to innovate, expand, and contribute to the growth of Qatar’s economy in alignment with Qatar National Vision 2030,” commented Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani, Managing Director, GWC.

Career

Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani has been a member of the GWC Board of Directors since 2008. He previously worked with Qatar Petrochemical Company (QAPCO), Muntajat (Qatar Chemical and Petrochemical Marketing and Distribution Company QPJSC), and Qatar Steel. His appointment marks a new chapter in GWC’s growth, where he will lead the company in further solidifying its powerful position within Qatar, across the GCC, and globally, the press statement concluded.

The company recently launched a modern station for cleaning ISO Tank containers which are used for transporting chemicals, a first of kind facility in the State of Qatar. Through it, the company cleans approximately 100 ISO Tank containers per month, with a capacity to clean 1,000 ISO Tank containers per month.

The company also provides container handling and repair services. More than 10,000 containers pass through the GWC’s container yard located in Al Wukair Logistics Park every month, out of which approximately 6,000 containers are repaired and reused.

Other specialized vehicles GWC offers are those used to transporting fine art and collectibles, flatbed carriers with capacities reaching more than 110 tons, vertical cranes of 140 tons, forklifts and other specialized vehicles and machinery.

Empowering the Workforce

“We consider our workforce as ambassadors of the company, which is why we strongly emphasize recruitment processes. This process involves thorough screening, skills verification, and additional tests to ensure personnel are equipped to navigate the dynamic challenges of the transportation sector. Our learning and development program covers induction modules, practical training, and internal and external safety training, as well as self-development courses,” concluded Menon.

GWC AGM approves cash dividends at QAR 0.11 per share

Shaikh Mohammed Bin Hamad Bin Jassem Bin Jaber Al Thani elected GWC Chairman

Gulf Warehousing Company (GWC) recently held its Annual General Meeting (AGM) in Doha, Qatar. The meeting was Chaired by Sheikh Abdullah Bin Fahad Bin Jassem Bin Jaber Al Thani and attended by representatives of the Ministry of Commerce and Industry, GWC’s external auditors Ernst & Young, and the company’s shareholders.

The General Assembly ratified all the items on its agenda including the approval of cash dividends to shareholders of 11% of the nominal value of the company’s shares, which is 0.11 Qatari Riyals per share.

The assembly also approved to release the board members from liability and distribute rewards to each member based on the evaluation of the board committees. Furthermore, the AGM presented a comprehensive review of the Group’s compliance with the Corporate Governance Code.

The company’s new board of directors, as elected by the general assembly, now constitutes the following members: Sheikh Mohammed Bin Hamad Bin Jassim Bin Jabor Al Thani, Chairman; Sheikh Fahad Bin Hamad Bin Jassim Bin Jaber Al Thani, Vice Chairman;

Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani, Member; Ahmed Mubarak Al Maadid, Member; Mohammed Hassan Rafi’ Al Emadi, Member; Hanadi Anwar Al Saleh, Member; Sultan Yousif Khater Al Sulaiti, Member; Mohammed Abdulmonim Al Sayed, Member; and Abdulaziz Mohammed Jaber Al Sulaiti, Member.

The company achieved net profits of QAR 215mn for the year ended 2023, and total revenues of QAR 1.5bn. The total operating profit reached QAR 323mn with an Asset base of QAR 5.2bn. The EPS for the year ending 2023 recorded was QAR 0.367.