Qatar’s leading logistics provider GWC has posted a first-quarter net profit of QR50.5mn compared with QR46.5mn in Q1, 2016.
The company’s revenue streams gained QR222.7mn at the end of the quarter compared with QR220mn in the first quarter of 2016. 
GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani said, “Every effort has been taken to ensure that the company serves the best needs of the state as it transitions from oil dependency to a stable economic contributor to global wealth and trade, an essential element in achieving the Qatar National Vision 2030.
“It is through this lens that we find in the current climate, a wealth of opportunity to develop, innovate, and prosper, thereby recompensing our stakeholder’s investment and trust in us.”
The company’s most recent contribution towards economic diversification has been the GWC Bu Sulba Warehousing Park, the first of the country’s public-private partnerships to bear fruit, which it completed on schedule at the beginning of this year. 
“The warehousing park was conceived and is dedicated to serving the needs of the country’s growing SME sector by providing them the best possible logistics infrastructure and the benefit of the company’s experience in delivering world-class supply chain solutions,” GWC said.
Further adding to the company’s revenues has been the participation of its various departments in developing new revenue streams, including efforts to coordinate between the various departments to offer fully-integrated services to each client. To that end, a major telecommunications client was recently signed on to receive services from the company’s contract logistics, freight, and records management department.
To “maintain the best services possible”, GWC company has internally established a number of policies and procedures to optimise performance and protect against possible risk. 
Among those programmes was the establishment of the Business Continuity Management and Enterprise Risk Management systems in the company. 
Put into practice in July 2016, GWC “successfully” completed a test of the system during the first quarter of 2017 to ensure the company’s readiness to handle any disruption. 
The company’s “award winning performance” was again recognised by a number of independent authorities, with GWC earning a spot on INSEAD/Trends Magazine’s ‘Top CEO’ list for the third year in a row. 
For its contributions towards the nation’s social welfare, GWC also received the CSR Leadership award during Qatar University’s CSR Exhibition and Conference.
“GWC aims to be a partner to Qatar both through the services it provides, as well as by the programmes and initiatives we run and support,” Sheikh Abdulla said. “Our well-proven, award winning services, solutions, policies, and standards will continue to support Qatar in its National Vision.”