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
 Jul 4 2015 - Russian cargo ship heads to ISSThe Peninsula
(MENAFN - The Peninsula) A Russian Soyuz rocket blasted off yesterday to deliver a cargo ship loaded with food, water and equipment to the International Space Station, breaking a string of launch ...

 Jul 4 2015 - Doha Bank raises QR2bn Tier 1 capital-boosting bondThe Peninsula
(MENAFN - The Peninsula) In March, the bank said that it would issue capital-enhancing bonds with a perpetual tenor and an option for the bank to redeem them after six years, to boost the bank's Tier ...

 Jul 4 2015 - Qatar stock index edges lower this weekThe Peninsula
(MENAFN - The Peninsula) Qatar Stock Exchange (QSE) index edged lower this week when the bourse closed Thursday at 12,121.08 points, down 12.15 points, or 0.10 percent.The traded value of QR 1.32bn ...

 Jul 4 2015 - Mideast passenger demand growth soars 14pc: IATAThe Peninsula
(MENAFN - The Peninsula) The International Air Transport Association (IATA) announced global passenger traffic results for May showing strong demand growth compared to May 2014 for both domestic and ...

 Jul 4 2015 - Qatar- Milaha acquires 100pc controls in two liquefied gas carriersThe Peninsula
(MENAFN - The Peninsula) Milaha announced that its wholly owned subsidiary, Qatar Shipping Company, acquired the remaining 60 percent interest in each of the two entities that own the liquefied ...

 Jul 4 2015 - Tunisia arrests eight with 'direct links' to beach massacreThe Peninsula
(MENAFN - The Peninsula) Tunisia has arrested eight people in connection with last week's jihadist massacre at a seaside resort, as the remains of more British victims were set to be flown home ...

 Jul 4 2015 - Egyptian air strikes kill 23 militants in North Sinai: sourcesThe Peninsula
(MENAFN - The Peninsula) Egypt launched air strikes on Islamist militant targets in the Sinai peninsula on Thursday, killing 23 fighters a day after the deadliest clashes in the region in years, ...

 Jul 4 2015 - Saudi opens privatised airport for pilgrimsThe Peninsula
(MENAFN - The Peninsula) Saudi Arabia yesterday officially opened a billion-dollar aviation gateway aimed at pilgrims, in its first airport privatisation. Local media said Custodian of the Two Holy ...

 Jul 4 2015 - Kuwaiti Sunni and Shi'ite worshippers, pray together with Emir showing unityThe Peninsula
(MENAFN - The Peninsula) Kuwait deployed unprecedented security measures around Shiite mosques for Friday prayers following last week's deadly bombing, as the emir attended a rare Shiite-Sunni joint ...

 Jul 4 2015 - Top jihadist from Tunisia killed by US strike in LibyaThe Peninsula
(MENAFN - The Peninsula) A top Tunisian jihadist was killed by a US airstrike in Libya last month, The New York Times reported Friday.The jihadist, Seifallah Ben Hassine, also known as Abu Ayadh, was ...

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