Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

GWC's Logistics Village to be ready by June  Join our daily free Newsletter

MENAFN - The Peninsula - 18/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The fourth phase expansion of Gulf Warehousing Company's (GWC) Logistics Village Qatar will be completed in June 2014, company Chairman Fahad bin Hamad bin Jassim Al Thani announced here on Sunday



Addressing GWC's ordinary annual general assembly, Fahad said the logistics village is the principle vein to be tapped for the future success of the company, and represents the future of logistics services in Qatar



"The original master plan for the logistics village was completed in April 2013, with all the warehouses and services available there fully reserved. The company has begun an additional fourth phase expansion that acts as a complement to the master



plan, and increases the warehousing capacity of the logistics village", he said



The revenues from the transport, contract logistics, and record management departments saw a significant increase due to the signing of several exclusive contracts, as well as the hard work and dedication of the employees to achieve these results, the company said. Meanwhile, it has placed strategic investments in freight forwarding and international moving and relocation departments into the local markets, which the company predicts will work to ensuring a rise in growth for these departments in 2014



The annual general assembly approved the six-point agenda, including the board of directors recommendation to distribute a cash dividend at a rate of QR1.5 per share, for a total of 15 percent of the nominal value of the company's shares distributed



On the growth profile of the company's assets, the chairman noted that the GWC currently has three active projects within its Mesaieed Industrial Area and Ras Laffan sites. These projects are in different stages of implementation and are expected to be completed by mid-2015.



"We are also pursuing other growth opportunities in project logistics, warehousing and also transportation. With the completion of these three projects, our total capacity in terms of warehousing space would increase supporting our operations further and increasing our reach in servicing all of Qatar's industry vectors," he said



The company will be celebrating its tenth anniversary in March 2014. The company that started off with providing only warehousing services has now expanded to the full spectrum of logistics services, which include transport, distribution, contract and third or fourth party logistics, record and asset management services, and international moving and relocation services, Fahad said


 






  MENA News Headlines
 Aug 23 2014 - NMC Health profits up 27 percent in H1MENAFN
(MENAFN) NMC Health, the United Arab Emirates healthcare provider, boosted first-half profit by nearly 27 percent, led by higher occupancy across its hospitals, The Peninsula Qatar reported.The ...

 Aug 23 2014 - Emirates Airlines, TRIFAC sign MoUMENAFN
(MENAFN) Emirates airlines and Madhya Pradesh Trade and Investment Facilitation Corporation Limited (TRIFAC) signed a Memorandum of Understanding (MoU), Khaleej Times reported.An Emirates ...

 Aug 23 2014 - Saudi non-oil exports up 14.9 percent in JuneMENAFN
(MENAFN) Saudi's non-oil commodity exports increased in June to USD4.97 million, up 14.9 percent over a year, while imports dropped 8.2 percent to USD13.72 million, QNA reported.Plastics and rubber ...

 Aug 23 2014 - Kuwait's KPC, UNIPEC sign crude supply dealMENAFN
(MENAFN) State-run Kuwait Petroleum Corporation (KPC) and China's UNIPEC signed a significant deal that would almost double crude oil deliveries over a decade, QNA reported.Under the agreement, KPC ...

 Aug 23 2014 - LG Electronics Holds a Training Session on "Multi V4"MENAFN Press
(MENAFN Press) (Amman, 23 August 2014) LG's Air Conditioning Academy recently held a series of training seminars in its headquarters focusing on the latest LG innovation in the VRF industry, "Multi ...

 Aug 23 2014 - Future of Kuwaits Banking Sector to Be Examined at Euromoney Kuwait ConferenceMENAFN Press
(MENAFN Press) Euromoney Conferences will hold their sixth annual Kuwait Conference on 9 September in Kuwait CityKuwait City, KuwaitIn less than just three weeks, the sixth annual Euromoney Kuwait ...

 Aug 23 2014 - Bringing ClientsAnd HerselfOut Of Poverty And Into Financial SuccessMENAFN Press
(MENAFN Press) At age 22 just 4 months after incorporating her business Amanda Goldman-Petri earned $10000. Now — at the age of 23 — she's a Marketing & Implementation Coach for ...

 Aug 23 2014 - Unlimited Vacation Club Introduces The Lifestyle CollectionMENAFN Press
(MENAFN Press) A new vacation membership program has been unveiled by the rapidly expanding Unlimited Vacation Club.Unlimited Vacation Club by AMResorts (UVC) is proud to announce the Lifestyle ...

 Aug 23 2014 - TripAdvisor Ranks Grand Residences Number One In Riviera MayaMENAFN Press
(MENAFN Press) Grand Residences Riviera Cancun a Leading Hotel of the World is the newest addition to the Royal Resorts portfolio and has already hit the number 1 spot on TripAdvisor.com for hotels ...

 Aug 22 2014 - Mmashop.dk Offers the Best Collection of MMA Equipment OnlineMENAFN Press
(MENAFN Press) Over the past couple of years more and more people have become rather interested in Mixed Martial Arts. The MMA industry can be seen to be growing through every passing day simply ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help