GWC, Qatar’s leading logistics and supply chain solutions provider, has announced that it is one of the first companies in the country to increase the foreign investor ownership percentage in the organization’s capital to 100 percent.
This milestone development was achieved after receiving the approval of the honorable Council of Ministers session, as per the statement.
GWC has become a major logistics services provider in Qatar and across the region. Its state-of-the-art logistics infrastructure spanning more than 4 million square meters has been setting standards in the industry.
Speaking about this, Mr. Hicham Nedjari, Chief Financial Officer (CFO) of GWC, said that, “It gives us an immense sense of pride to be one of the first companies in the country to extend the ceiling of foreign ownership to 100 percent.”
“In keeping up with the Qatar National Vision 2030 and promoting economic development and diversification, we believe this advancement is a recognition of the integral role foreign investors play in Qatar’s economy,” Mr. Nedjari further added.
The decision to amend was approved by the Extraordinary General Assembly and the amended system was issued and published in the Official Gazette.
GWC offers best-in-class logistics and supply chain services that include warehousing, distribution, logistics solutions for hazardous materials, freight forwarding, project logistics, sporting events, equestrian logistics solutions, fine art logistics, supply chain consulting services, transportation, records management, and local and international relocation services.
