Business
Gulf Warehousing Q P S C : GWC reports first half profit of QAR 62.46 million
Gulf Warehousing Q P S C : GWC reports first half profit of QAR 62.46
About this update from Gulf Warehousing Co.
[{"type":"text","content":"• Sheikh Mohammed bin Hamad: Logistics is a key pillar of economic diversification• Sheikh Abdulla bin Fahad: Committed to innovation and operational excellence• Matthew Kearns: Integrating sustainability across all operations and activitiesGulf Warehousing Company Q.P.S.C. (GWC) - one of the fastest-growing businesses in the MENA region - announced its financial results for the first half of the year (the period ending June 30, 2025). The company reported total revenues of QAR 712.69 million and a net profit of QAR 62.46 million, while earnings per share stood at QAR 0.100 during the same period.His Excellency Sheikh Mohammed Bin Hamad Bin Jassim Bin Jaber Al Thani, GWC Chairman, said: \"Logistics plays a vital role in facilitating the movement of goods and services and boosting both domestic and international trade. It also serves as a fundamental pillar in diversifying the national economy in line with the Third National Development Strategy and Qatar National Vision 2030. With its strategic advantages, Qatar is well-positioned to become a global logistics hub. In this context, GWC is proud to support the growth of the logistics sector, maintaining a leading position in the Qatari market by offering a comprehensive range of services that include warehousing, distribution, records management solutions, logistics hubs, freight forwarding, fine art logistics, transportation, air and sea freight, and customs clearance.\"He added: \"We are steadily increasing our support for small and medium-sized enterprises (SMEs) through Al Wukair Logistics Park, which spans 1.5 million square meters and offers world-class infrastructure and a solid platform for business growth and expansion. At the same time, we are fully prepared to seize the opportunities presented by the North Field Expansion Project -the world's largest LNG project currently under construction-with the first phase set to begin production by mid-next year. In February, GWC launched a cutting-edge logistics hub in Ras Laffan, dedicated to serving Qatar's oil and gas industry. This facility complements the operations of GWC Energy, a wholly owned subsidiary of GWC.\"His Excellency Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, GWC Managing Director, said: \"The company continues to implement an expansion strategy based on a solid financial foundation and a diversifie...