GFH And GWC Join Forces To Expand Grade 'A' Logistics Infrastructure Across Key Trade Hubs
Date
11/3/2024 2:18:19 AM
(MENAFN- The Peninsula)
The Peninsula
Doha, Qatar: GFH financial Group (GFH), a leading financial institution with a strong focus on the logistics sector, has signed a head of Terms with Gulf Warehousing Company (GWC), one of the GCC's top logistics providers. The collaboration will see GFH power GWC's expansion plans by developing 200,000 square meters of Grade 'A' logistics facilities across key locations in Saudi Arabia, including Riyadh, Jeddah, and Dammam.
As part of the Head of Terms, GFH will finance and oversee the development of these state-of-the-art logistics spaces, tailored to meet GWC's specific operational requirements. GWC will lead the technical development of these facilities while being the anchor tenant once completed. GWC will leverage its expertise in logistics and supply chain solutions to ensure the facilities are optimized to serve the clients' needs. This signing is part of GFH's ongoing commitment to strengthening Saudi Arabia's logistics infrastructure, which aligns with the Kingdom's Vision 2030 objectives.
Commenting on the signing, Razi Almerbati, Chief Executive Officer of GFH Capital S.A, said,“Our collaboration with GWC marks a significant step in advancing Saudi Arabia's logistics infrastructure. By combining GFH's financial strength and focus on the logistics sector with GWC's logistics prowess, we are confident this development will further cement Saudi Arabia's position as a logistics leader in the region.”
Matthew Kearns, Deputy CEO at GWC, commented:“This Head of Terms with GFH will open the horizon to tailored supply chain solutions that meets the increasing demand for high quality logistics solutions in the Kingdom of Saudi Arabia, further supporting the Kingdom's 2030 vision.
GWC is proud to deploy its logistics and supply chain expertise, offering world-class logistics solutions for clientele across the Kingdom.”
MENAFN03112024000063011010ID1108845210
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.