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 departmentin 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
 Jul 24 2016 - Two Israeli Reconnaissance Planes Violate Lebanon's AirspaceQatar News Agency
(MENAFN - Qatar News Agency) Beirut, July 23 (QNA) - An Israeli reconnaissance plane has violated the Lebanese airspace above Lebanon's Alma Shaab and flew over Iqlim Kharroub region, as indicated by ...

 Jul 24 2016 - Mass Hunger Strike in Protest of Israel's Detention of PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Ramallah, July 23 (QNA) - A mass hunger strike across Israeli prisons continued on Saturday in protest of Israel";s detention of Palestinians without charge or trial, ...

 Jul 24 2016 - EU Condemns Kabul AttacksQatar News Agency
(MENAFN - Qatar News Agency) Brussels, July 23 (QNA) -The EU has condemned an attack in Kabul earlier today at a march in which 80 people were killed and over 200 injured. A statement by Maja ...

 Jul 24 2016 - Turkey Forms State of Emergency Coordination CommitteeQatar News Agency
(MENAFN - Qatar News Agency) Ankara, July 24 (QNA) - Turkey has formed a state of emergency coordination committee chaired by Prime Minister Binali Yildirim, according to the Official Gazette. The ...

 Jul 24 2016 - Israeli Army Injures One Palestinian, Arrests Three OthersQatar News Agency
(MENAFN - Qatar News Agency) Ramallah, July 24 (QNA) - Israeli soldiers invaded, at dawn Sunday, the town of Silwad, east of the central West Bank city of Ramallah, shot and seriously wounded one ...

 Jul 24 2016 - Bahrain to launch USD526m market revampMENAFN
(MENAFN) Bahrain's government has announced a USD526 million project to revamp Bahrain's Manama Central Market.In detail, the project is still awaiting approval, six months after it was suspended ...

 Jul 24 2016 - Enec, KHNP shake hands on support services dealMENAFN
(MENAFN) The Emirates Nuclear Energy Corporation (Enec) and Korea Hydro & Nuclear Power (KHNP) have inked an operating support services agreement (OSSA) for the Barakah nuclear power plant in Abu ...

 Jul 24 2016 - QIA, Douglas Emmett acquires USD225m LA office buildingMENAFN
(MENAFN) Qatar Investment Authority (QIA) has announced the acquisition of a mega office property in Los Angeles in joint venture with Douglas Emmett, a real estate investment trust (REIT.In detail, ...

 Jul 24 2016 - WEEK AHEAD: Blue-chips aplenty due to update marketProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) The week ahead is set to be a busy one as blue-chips race to get their results out before people head off on holiday. The first of the big companies reports on ...

 Jul 24 2016 - Italian banking crisis may not spill over to global economy: QNBGulf Times
(MENAFN - Gulf Times) Italian banks are in 'trouble” because of their 'large stock of bad loans” QNB said although it does not foresee the trouble 'spilling over” to the wider ...

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

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