Agility Qatar announced that it has signed a Memorandum of Understanding to enter into merger discussions with Gulf Warehousing Company (GWC), a company listed on the Doha Securities Market.
The merger aims to create one of the strongest logistics players in the Qatar market with a comprehensive service portfolio for existing and prospective customers in the country.
The new entity will be called GWC-Agility.
Over the last few years both GWC and Agility Qatar have made significant strides in transforming their organisations into regional logistics and warehousing leaders, and the merger would further accelerate this development for both companies.
"This is clearly a defining moment for both Agility and GWC. We are entering into a new era of unprecedented growth, and this merger would increase our commitment to development in the State of Qatar," said Elias Monem, Agility CEO for Middle East and Africa.
"The integration of our companies will greatly strengthen our service portfolio, creating a win-win situation for the customers of both companies."
Mohammed El Emadi, GWC Chairman, said that the merger will lead to the creation of a powerful new force in the region's logistics and warehousing industry with the size and scope to offer the best in supply chain services to customers.
"By integrating our core businesses in a way that it best serves our customers and presents new opportunities for our employees, we are on track to consolidate our leadership position in this niche industry," El Emadi said.