Gulftainer subsidiary Momentum Logistics recently celebrated reaching its 10th anniversary. Stuart Mainland, General Manager of Momentum Logistics, said at a special event to mark the occasion that further expansion of the UAE-based 3PL service provider is planned. “Our goal is to capitalise on the upsurge in consumer spending, global economic growth and technological advancements that will see us double our revenue over the next five years,” he commented.
Momentum Logistics was established in December 2008 to support Gulftainer’s terminal operations. Since its inception, the company has steadily expanded the scale and scope of its operations, and has secured logistics contracts around the world, including in the UAE, Saudi Arabia, the US, Iraq, Turkey and Pakistan.
The company continues to invest heavily to support further growth opportunities. In the past year, it has introduced new Scania tractor units and the latest European-standard curtain-sided trailers in a bid to enhance its transport fleet. Momentum Logistics has also continued to expand operations in international markets, including at the Umm Qasr Logistics Centre in Iraq, where the company now offers storage solutions for both chilled and frozen products. In addition, Momentum provides services through its container inspection and repair division, Gulftainer Container Repairs (GCR), across Gulftainer-run terminals in Umm Qasr in Iraq and Jeddah in Saudi Arabia.
The company is currently working on developing the Saja’a Industrial Investment Park (SIIP), Gulftainer’s first leasehold initiative, through a major investment project that involves building a highway that will connect the facility in Saja’a with the rest of the UAE’s road network. Since its soft launch, SIIP has attracted considerable interest, with warehouses expected to be fully occupied by Momentum and other customers.