Decision ratified by the Council of Ministers
GWC has announced that it is one of the first companies in Qatar to increase the foreign investor ownership percentage in the organization’s capital to 100%.
This milestone development was achieved after receiving the approval of the Council of Ministers session which was held in middle May 2023, a press communique stated.
“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,” remarked Hicham Nedjari, CFO, GWC.
The decision to amend was approved by the Extraordinary General Assembly and the amended system was issued and published in the Official Gazette.
Gulf Warehousing Co. (GWCS) is one of the leading logistics companies in the Middle East and in less than 20 years, GWC has become a major logistics services provider in Qatar and across the region.
