GFH Financial Group (GFH), one of the leading financial institution with a strategic focus on the logistics sector, has signed a Head of Terms agreement with Gulf Warehousing Company (GWC), one of the GCC’s premier logistics providers. Through this collaboration, GFH will play a key role in advancing GWC’s expansion by developing 200,000 square meters of Grade ‘A’ logistics facilities across prime locations in Saudi Arabia, including Riyadh, Jeddah, and Dammam.
As part of the Head of Terms agreement, GFH will finance and oversee the development of these state-of-the-art logistics facilities, designed specifically to meet GWC’s operational needs. GWC will lead the technical development of the facilities and serve as the anchor tenant upon completion. With its extensive expertise in logistics and supply chain solutions, GWC will ensure the spaces are optimized to meet client requirements. This collaboration underscores GFH’s ongoing commitment to enhancing Saudi Arabia’s logistics infrastructure, supporting the Kingdom’s Vision 2030 goals to diversify its economy and establish itself as a global logistics hub.
Commenting on the signing, Mr. Razi Almerbati, Chief Executive Officer of GFH Capital S.A, said, “Our collaboration with GWC marks a significant step in advancing Saudi Arabia’s logistics infrastructure. By combining GFH’s financial strength and focus on the logistics sector with GWC’s logistics prowess, we are confident this development will further cement Saudi Arabia’s position as a logistics leader in the region.”
Matthew Kearns, Deputy CEO at GWC, commented: “This Head of Terms with GFH will open the horizon to tailored supply chain solutions that meets the increasing demand for high quality logistics solutions in the Kingdom of Saudi Arabia, further supporting the Kingdom’s 2030 vision. GWC is proud to deploy its logistics and supply chain expertise, offering world-class logistics solutions for clientele across the Kingdom.”
The Head of Terms states that GWC will be responsible for operating the logistics facilities to serve its expanding client base across the Kingdom, incorporating cutting-edge technologies, highest sustainability standards and optimal operational infrastructure to meet the highest industry standards. The facilities will provide GWC with the capacity to manage and optimize its logistics operations efficiently, supporting the company’s growth and enhancing the country’s logistics capabilities.
