GFH Financial Group, a major player in the financial sector, has formed a strategic partnership with Gulf Warehousing Company (GWC), a leading logistics provider in the GCC. This collaboration aims to enhance GWC’s expansion efforts by developing 200,000 square meters of premium logistics facilities in Saudi Arabia’s key cities: Riyadh, Jeddah, and Dammam.
As per the agreement, GFH will finance and manage the creation of these advanced logistics spaces, specifically designed to meet GWC’s operational needs. GWC will spearhead the technical development and will be the primary tenant once the facilities are ready. This partnership is aligned with GFH’s commitment to bolster Saudi Arabia’s logistics infrastructure, supporting the Kingdom’s Vision 2030 to diversify its economy and become a global logistics hub.
Razi Almerbati, CEO of GFH Capital, emphasized the significance of this partnership, stating, Our collaboration with GWC marks a significant step in advancing Saudi Arabia’s logistics infrastructure.
He highlighted the synergy between GFH’s financial expertise and GWC’s logistics capabilities as a pivotal factor in strengthening the Kingdom’s position as a regional logistics leader.
Matthew Kearns, Deputy CEO at GWC, added that the agreement with GFH will pave the way for customized supply chain solutions that cater to the growing demand for superior logistics services in Saudi Arabia. He expressed GWC’s pride in utilizing its logistics expertise to deliver world-class solutions across the Kingdom.
The agreement outlines that GWC will operate these facilities, integrating advanced technologies and sustainable practices to meet top industry standards. This development will enable GWC to efficiently manage its logistics operations, supporting its growth and enhancing Saudi Arabia’s logistics capabilities.
