Quotes: 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


 


The Peninsula




  MENA News Headlines
 Jan 27 2015 - More Emirati students join Qasr Al Hosn Festival AmbassadorsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) More than 250 university students from across the Emirate of Abu Dhabi will be selected to act as the Qasr Al Hosn Festival Ambassadors during this year's ...

 Jan 27 2015 - DXB takes over top spot for international passenger trafficEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Airports today released its year-end traffic report which confirm that Dubai International Airport, DXB, has secured its position as the number one airport ...

 Jan 27 2015 - New Abra services in Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A new water taxi service using a traditional wooden abra has been launched to connect two of Abu Dhabi's prime waterfront tourist destinations. Passengers can ...

 Jan 27 2015 - EGA Golfers to rub shoulders with world's best at omega Dubai Desert Classic Pro-AmEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A select group of golfing guests of Emirates Global Aluminium, EGA, will enjoy one of the most memorable playing experiences of their lives when they compete in ...

 Jan 27 2015 - OPEC daily basket price for Monday announcedEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The price of OPEC basket of twelve crudes stood at US $42.90 a barrel on Monday, compared with US $43.69 the previous Friday, according to OPEC Secretariat ...

 Jan 27 2015 - Over one million Umrah performers cross King Abdulaziz International Airport within 45 daysEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) JEDDAH, 27th January, 2015 (WAM) - The number of Umrah performers arriving and departing from King Abdulaziz International Airport in Jeddah since the start of ...

 Jan 27 2015 - UNDP issues new development report spotlighting string of successes in Asia-Pacific regionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The United Nations main development programme has spotlighted its string of successes in 36 countries and territories in the Asia and Pacific region in the areas ...

 Jan 27 2015 - ADES 2015 to run from 18th to 21st March at ADNECEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DOME Exhibitions today announced the third edition of Abu Dhabi Electronics Shopper, ADES 2015, the largest consumer electronics exhibition in Abu Dhabi, will ...

 Jan 27 2015 - GCC Secretary-General meets with UN officialEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dr. Abdullatif bin Rashid Al-Zayani, GCC Secretary-General has met with Ashok Nigam, UN Resident Coordinator and Resident Representative of the United Nations ...

 Jan 27 2015 - Saudi- Dawn of a new era under King SalmanArab News
(MENAFN - Arab News) A new era dawned in Saudi Arabia on Monday under the leadership of Custodian of the Two Holy Mosques King Salman as citizens across the country expressed their confidence in the ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help