GWC Energy Services, the wholly-owned subsidiary of Gulf Warehousing Company (GWC), one of the fastest-growing logistics businesses in the MENA region, has signed a Memorandum of Understanding (MoU) with Saudi Offshore Fabrication Company (OFC).
The partnership aims to develop 100,000 square meters of Grade ‘A’ logistics facilities at Ras Al-Khair Industrial Port. The MoU was signed by Matthew Kearns, Deputy CEO of GWC, and Eng. Fahhad Alharbi, CEO of OFC.
According to the MoU, GWC Energy Services will develop OFC’s storage and logistics facilities, leveraging its expertise in logistics and energy supply chain solutions to ensure the facilities are optimized to serve the clients’ needs.
Matthew Kearns Deputy CEO – GWC
“We are delighted to sign this new MoU with OFC, a distinguished leader in Saudi Arabia’s industrial sector. This collaboration represents a significant step in our expansion strategy and reinforces our commitment to strengthening our footprint in the Saudi market. Recently, GWC has also signed a head of Terms with GFH Financial Group (GFH) to develop 200,000 square meters of Grade ‘A’ logistics facilities across key locations in Saudi Arabia, including Riyadh, Jeddah, and Dammam.”
GWC Energy Services is fully committed to promoting innovation and excellence, providing cutting-edge solutions to clients in the energy sector. These efforts are geared towards enhancing operational efficiency and setting new benchmarks in integrated shipping, logistics, and marine services for companies in Qatar, across the GCC and globally.
Eng. Fahhad Alharbi, CEO of OFC, stated that, “Our partnership with GWC Energy Services is a strategic move that aligns with Saudi Arabia’s Vision 2030, which seeks to establish the Kingdom as a global logistics hub connecting Asia, Africa, and Europe together. It also paves the way for delivering world-class supply chain solutions and services within the energy sector.”
Funded by Aramco’s Wa’ed Ventures and the Saudi Social Development Bank, OFC is strategically positioned at Ras Al-Khair Port, proximate to the world’s largest offshore field “Safaniyah,” and the King Salman International Complex for Maritime Industries and Services, the largest full-service marine yard in the Middle East.
