According to businesstoday.me, Gulf Warehousing Company Q.P.S.C. (GWC Group) reported QAR 33.7 million net profit for Q1 2026 — achieving full delivery of its operating plan despite unprecedented regional supply chain stress. Gross revenues for the quarter reached QAR 318 million, with earnings per share at QAR 0.058. January and February both exceeded net profit targets before March’s geopolitical disruptions severely impacted logistics corridors across the GCC.
Unprecedented Disruption in March 2026
The source states that March saw an 86% drop in vessel traffic in the Strait of Hormuz, with no large carriers calling at Hamad Port. Qatar’s airspace was suspended between February 28 and March 4, eliminating over 3,000 tonnes of daily air freight capacity. Offshore oil and gas projects were also halted. The report describes this as the most severe supply chain stress the GCC has experienced in recent memory.
Three-Pronged Corridor Response
In response, GWC Group activated three distinct logistics corridors:
- A dedicated sea corridor into the GCC, arranged in partnership with the Qatar Government to safeguard strategic food supplies — with goods distributed onward through GWC’s warehousing assets in Oman and Jeddah to Qatar, the UAE, Bahrain, and Saudi Arabia;
- An air-land corridor via Riyadh, connecting air freight with GWC’s bonded cross-border land transport network to move essential food cargo into Qatar;
- A fully TIR-powered air-to-land corridor operationalised for the first time at Hamad International Airport — enabling Doha to serve as a regional redistribution hub for all five GCC markets.
Leadership Statements on Resilience and Execution
“What unfolded in March tested every part of our organisation, and our people rose to meet it. Since our founding, GWC Group has held to one clear principle: to be present, reliable and responsible for Qatar and the region when it matters most. In the face of the most severe supply chain disruption this region has faced in recent memory, that principle held.” — Sheikh Mohammed Bin Hamad Bin Jassim Bin Jaber Al Thani, GWC Group Chairman
“When disruption struck, GWC Group moved without hesitation. Working hand in hand with the Qatar Government to secure strategic food supplies, we opened a dedicated sea corridor into the GCC alongside new land and air routes. This reflects our unwavering commitment to protect the security, stability and resilience of Qatar’s supply chains and domestic market.” — Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani, GWC Group Managing Director
“What this quarter proved is that GWC Group can deploy its full capabilities under pressure and deliver. We activated three corridors simultaneously and built end-to-end supply chains in real time — leveraging our warehousing in Oman and Jeddah, our bonded land network through Saudi Arabia, and our regional reach into the UAE to move essential goods into Qatar and onward across the GCC.” — Matthew Kearns, GWC Group CEO
Regional Expansion and Operational Scale
GWC Group continued expanding its footprint in Saudi Arabia, where its Jeddah facility already supports Group operations. The Group is progressing near-term leasing in Riyadh and Dammam, while evaluating longer-term, demand-led expansion options. Its international divisions more than doubled their contribution to Group net revenues over the past two years. The Group handles up to 60,000 TEUs of ocean freight and 14,000 tonnes of air freight annually, moving more than 2 million tonnes of freight yearly across diversified business divisions. It operates 20 strategic locations across the GCC, supported by over 1,600 specialised vehicles, and extends global reach to 120+ countries through 550+ freight offices and partners. Client retention stood at 95%, and logistics parks occupancy averaged 90% across its three locations in Q1 2026.
Source: businesstoday.me
Compiled from international media by the SCI.AI editorial team.
