Gulftainer Group announces outstanding results in 2024

UAE-based Gulftainer has announced that 2024 represented a remarkable year of strategic growth and expansion for the Group, during which it further solidified its position as a dominant force in the Middle East supply chain and logistics sector.

The Group’s success is attributed to a significant increase in capital investment, the expansion of its terminal facilities, and a notable enhancement to its fleet of trucks, all of which contributed to making Gulftainer’s logistics subsidiary, Momentum Logistics, one of the largest and most influential logistics companies in the region.

Key highlights of last year’s performance included:

-       Gulftainer achieved a record-breaking 2 million TEUs, underscoring its leading role in container handling across the Middle East and beyond.

-       The Group continued to expand its reach, handling 5.5 million tonnes of non-containerised cargo, enhancing its ability to serve diverse sectors of global trade.

-       Gulftainer and its subsidiary Momentum Logistics increased their headcount year-on-year by over 10% globally, as part of its ongoing investment in talent resources and terminal facilities.

-       As part of its ambitious growth strategy, Gulftainer has made significant investments in building logistics' capabilities. These include the addition of a 110,000 sq ft warehouse in the Sajaa Industrial Investment Park (SIIP) and the deployment of 40 new heavy trucks and 60 new trailers across the UAE and KSA. These strategic investments enable Momentum Logistics to further strengthen its position as one of the region’s largest and most dynamic logistics companies.

-       Gulftainer’s technology division reported a year-over-year growth of 45% in 2024, reflecting the increasing reliance on technology to drive operational efficiencies and enhance service delivery.

Peter Richards (pictured), Group CEO of Gulftainer, commented: “We are immensely proud of our achievements in 2024. This remarkable performance is a direct result of Gulftainer's increasing prominence as an end-to-end supply chain and logistics solutions provider with a global footprint of logistics facilities and terminals. Our strategic investments in infrastructure, technology, and talent have firmly positioned us for growth in the coming years to meet the ever-evolving demands of global trade.”

Gulftainer says its commitment to innovation, sustainability, and excellence in supply chain will continue to drive its success as it accelerates its presence in new and emerging markets.