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Tribune News Network
Doha
GWC and Al Asmakh Real Estate Development Company have signed a management agreement that will bring the Al Asmakh Logistics Park under the management of GWC for the 22-year period between 2018 and 2040.
The deal was signed by GWC Group CEO Ranjeev Menon and Al Asmakh Vice President and CEO Hassan Ibrahim al Asmakh at the GWC headquarters in Doha.
Strategically located in the growing North Doha districts, the Al Asmakh Logistics Park boasts a number of features specifically tailored to serve the needs of the nation's small and medium enterprises (SMEs).
GWC Chairman Sheikh Abdullah bin Fahad bin Jassem bin Jabor al Thani said,"We are honoured to enter into this management agreement with Al Asmakh and to extend to them the trust that GWC has gained from the government and private sectors alike."
With GWC undertaking the management of Al Asmakh Logistics Park, the business community will directly benefit from GWC's expertise in providing unparalleled logistical support for more than a decade.
Ibrahim Hassan al Asmakh said,"The agreement will further enhance the delivery of the project's objectives to the end-user. We trust that the Al Asmakh Logistics Park is now in safe hands and will stand as an example of the power of cooperation between Qatari companies encouraged by the wise leadership of the Emir HH Sheikh Tamim bin Hamad al Thani."
Al Asmakh Real Estate Development Company has developed a logistics park over an area of 496,410 square metres, offering various storage solutions, including 111,329 sqm of dry warehousing, 32,067 sqm of air-conditioned warehousing, 31,618 sqm of chilled warehousing; 13,916 sqm of frozen warehousing and 17,604 sqm of open yard storage.
To ensure the creation of a self-contained, harmonious, business community, Al Asmakh also included in the design of the park various amenities including a community centre, accommodation buildings and a mosque. For ease of access, the park features sufficient parking for clients and guests, while security is maintained through measures active around the clock.
GWC has a proven track record in the management of several hubs, including the 1-million sqm Logistics Village Qatar (LVQ), the more than half-million sqm GWC Bu Sulba Warehousing Park and the Ras Laffan Industrial City Logistics Hubs, besides several others in Doha and Messaieed.
These hubs provide a full range of logistics solutions and services that are easy to access and immediately operational, offering all the logistics requirements of all economic sectors in Qatar and for regional and international corporations.
"It is this track record of excellence that we wish to bring to bear in the operation and management of the Al Asmakh Logistics Park, to ensure the best possible outcomes for clients, stakeholders, and our beloved nation," said GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani.
