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Officials at the signing ceremony in Doha.

GWC wins deal to manage Qatar logistics park

DOHA, January 22, 2018

GWC, a leading provider of logistics and supply chain solutions in Qatar, said it has signed a managment agreement with Al Asmakh Real Estate Development that will bring the Al Asmakh Logistics Park under the management of GWC for a 22-year period till 2040.

Strategically located in the growing North Doha districts, the Al Asmakh Logistics Park boasts a number of features specifically tailored to serve the needs of the nation’s small and medium enterprises sector (SMEs).

Al Asmakh Real Estate Development company have developed a logistics park over an area of 496,410 sq m, offering various storage solutions, including: 111,329 sq m of dry warehousing; 32,067 sq m of air-conditioned warehousing; 31,618 sq m of chilled warehousing; 13,916 sq m of frozen warehousing; and 17,604 sq m of open yard storage.

The park boasts various amenities including a community centre, accommodation buildings, and a mosque.

With GWC undertaking the management of Al Asmakh Logistics Park, the business community will directly benefit from GWC’s expertise in providing unparalleled logistical support for more than a decade, remarked group CEO Ranjeev Menon after signing the deal with vice president and CEO Hassan Ibrahim Al Asmakh in the presence of senior officials.

GWC's chairman Sheikh Abdullah bin Fahad bin Jassem bin Jabor Al Thani said: “We are honoured to enter this management agreement with Al Asmakh, the real estate giants of Qatar, and to extend to them the trust that GWC gained from the government and private sectors alike, is the backbone for ensuring the success and maximised utilisation of Al Asmakh Logistics Park.”

GWC has a proven track record in the management of several hubs, among them are the one-million-sq-m Logistics Village Qatar (LVQ), the GWC Bu Sulba Warehousing Park, and the oil and gas-dedicated Ras Laffan Industrial City logistics hubs, in addition to several others in Doha and Messaieed.

Ibrahim Hassan Al Asmakh, the president of Al Asmakh Real Estate Development, said: "We trust that the Al Asmakh Logistics Park is now in safe hands, and will stand as an example of the power of co-operation between Qatari companies."-TradeArabia News Service




Tags: Qatar | management | logistics park | GWC |

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