GFH Financial Group, a prominent financial institution in Bahrain, has entered into a strategic agreement with Gulf Warehousing Company (GWC), a leading logistics provider in the region.
This partnership aims to support GWC’s expansion by creating 200,000 square meters of Grade ‘A’ logistics facilities in key Saudi Arabian cities: Riyadh, Jeddah, and Dammam. GFH will finance and manage the development, while GWC will handle the technical aspects and become the main tenant.
GWC plans to utilize its logistics expertise to ensure these facilities meet client needs effectively. This initiative aligns with Saudi Arabia’s Vision 2030, aiming to bolster the country’s logistics infrastructure and diversify its economy.
Razi Almerbati, CEO of GFH Capital, emphasized that this collaboration is crucial for advancing Saudi Arabia’s logistics sector. He expressed confidence that combining GFH’s financial resources with GWC’s logistics expertise will strengthen Saudi Arabia’s regional leadership in logistics.
Matthew Kearns, Deputy CEO of GWC, highlighted that this agreement will enable innovative supply chain solutions, addressing the growing demand for high-quality logistics in Saudi Arabia. He expressed pride in deploying GWC’s expertise to offer top-tier logistics services across the Kingdom.
Under the agreement, GWC will operate these logistics facilities, integrating advanced technologies and sustainability practices to meet the highest industry standards. This will enhance GWC’s operational efficiency and contribute to the country’s logistics sector growth.
