Business Description
Gulf Pinnacle Logistics (GPL) is a logistics and transportation company with an exceptional board of directors which comprises of experienced investment professionals, such as Shailesh Dash, well known entrepreneur in the MENA region. Established in May 2014, Gulf Pinnacle Logistics has the vision to become a MENASEA-focused fully integrated logistics and transportation holding company. We aim to become an ‘integrator’ of the highly fragmented mid sector market, encompassing four unique business models: freight-forwarding, warehousing, road transportation and courier & e-commerce services. Our mission is to aid in making international trade more seamless for the mass market that cannot afford the large-scale players. MENA & SE Asia is an attractive region for the logistics and transportation industry since the region has historically been an international trading hub. Today, with the world trade growing faster than the world GDP, this region is set to boom owing to its strategic location, top-ranked transportation infrastructure (spanning sea ports, airports and road), low fuel costs and existence of long-standing successful logistics firms. GPL made its first two acquisitions in December 2014 with 75% equity stake in Abdul Muhsen Shipping and 87.5% in So-Safe Logistics. These are two mid-sector assets giving exposure to GPL in the shipping industry around Dubai’s Jebel Ali Port. The assets own a combined land area of 46,638 sq. meters and a built-up warehouse area of 18,410 sq. meters. In 2016, GPL established a transportation company specializing in student bus transportation services and today serves more than 7,500 students across 13 schools. In June 2017, GPL acquired a 60% stake in Century Express Courier Services, a UAE-based courier company with an estimated capacity of over 700,000 shipments per annum. Gulf Pinnacle Limited plans to invest $250m in the logistics sector over the course of the next three years.
