- GWC reported strong financial results for 2023, with QR215m in net profit and QR1.5bn in revenues.
- The company launched new ventures like GWC Energy and phase two of a major logistics park in 2023.
- GWC has over 20 years of industry leadership focused on innovation, sustainability, and service excellence.
Qatar-based logistics giant Gulf Warehousing Company (GWC) has reported strong financial results for 2023, highlighting the company’s position as a regional leader in the industry.
GWC posted QR215 million ($59 million) in net profit for 2023, on total revenues of QR1.5 billion ($412 million). This represents significant growth compared to previous years.
According to GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jaber Al Thani, the company’s performance reflects its “strategic initiatives, innovative solutions, and unwavering commitment to excellence.”
2023 was an eventful year for GWC. The company launched new ventures like GWC Energy and phase two of Al Wukair Logistics Park. It also hosted the 3rd annual GWC Forum and received sustainability honors from Forbes.
GWC also provided logistics services for major events like Expo Doha 2023.
As GWC CEO Ranjeev Menon stated, the company’s 20+ years of leadership stem from “commitment and diligence” being the “cornerstones of logistics excellence.”
Looking ahead, GWC seems well-positioned for continued success. Its focus on innovation, sustainability and service excellence will likely drive growth in Qatar’s logistics sector.
