Gulf Warehousing Company (GWC) posted a net profit of QR147mn during the nine-month period that ended on September 30.

GWC, which is one of the fastest-growing businesses in the Mena region, reported total revenues of QR1.191bn and operating profits of QR253mn in the nine-month period.

GWC chairman Sheikh Mohammad bin Hamad bin Jassim bin Jaber al-Thani said: “The strong performance over the past nine months is a testament to our robust operational capabilities and business agility. We remain committed to our ongoing diversification strategy, while capitalising on new investment opportunities to effectively mitigate risks and ensure steady growth.”

He added: “We aim to solidify GWC’s position as a leading provider of logistics and supply chain solutions through expanding our service offerings, improving operational efficiency, and upholding the highest standards of excellence, while creating long-term value to our clients and shareholders.

“Additionally, the company is reinforcing its presence in key markets, maintaining a strong commitment to sustainability by integrating best-in-class environmental, social, and governance (ESG) practices across its operations.”

GWC Managing Director Sheikh Abdulla bin Fahad bin Jassim bin Jaber al-Thani said: “We are dedicated to expanding into new sectors and markets, while consistently delivering outstanding logistics services to our clients. This approach has not only improved our brand power and expanded our geographic footprint, but also diversified our investments across various sectors and maintained our positive financial results.

“Additionally, the numerous awards we have received stand as a testament to our excellence and motivate us to achieve even greater milestones."

GWC Group CEO Ranjeev Menon said: "The first nine months of 2024 have been a period of remarkable achievements. As we move into the final quarter of the year, our focus remains on profitability, business growth, innovation, sustainability, digital transformation, diversifying revenue streams, and developing human capital. We are also committed to contributing to the Third National Development Strategy and Qatar National Vision 2030.”

This year, GWC has taken significant strides in enhancing its position as a leader in the logistics sector by launching a variety of initiatives and earning numerous accolades that showcase its commitment to excellence.

Notably, GWC ranked ninth regionally in the Transport and Logistics category on Forbes Middle East's 2024 Sustainability Leaders list, which recognises 105 companies leading impactful sustainability initiatives across the region.

GWC remains at the forefront as the premier provider of warehousing and distribution solutions across diverse industries. The company’s comprehensive services cater to entrepreneurs, MSMEs, and MNCs, as it manages billions of customer documents throughout their lifecycle in advanced storage facilities, provides land, air, and sea freight services, along with customs clearance, project logistics, and international moving and relocations.

Additionally, GWC manages Qatar’s largest fleet, boasting over 1,600 trucks, trailers, and specialised vehicles, while also providing marine services, facilitated through established subsidiaries, include shipping agency services, liner representation, port agency services, cruise ship hosting, and husbandry services.

As the Authorised Service Contractor (ASC) for UPS in Qatar, GWC strategically expands the courier giant’s market share through the utilisation of its logistics infrastructure.