16 Abdulaziz Al-Subaie
CEO, Warehousing Projects and Logistics Co.
Year of establishment: 2010
Location of head office: Dammam, Saudi Arabia
Total employees: 75
Years in the company: 5 years
Warehousing Projects and Logistics [WPL] achieved several goals during the first four years of operation and concentrated on developing warehousing hub locations and building new infrastructure, under the leadership of CEO Abdulaziz Al-Subaie. In 2016, the company had grown enough to be able to lease a huge percentage of its land back and also signed up for a new location at SOHAR Free zone in Oman, to launch the 3PL Services division.
To date, 3PL Services has established presence across Dammam, Riyadh and Jeddah and is catering to a mix of large and medium size clients logistics needs
WPL grew 25% over the last financial year both in revenue and in the asset development, also meeting target to secure new locations and add services to the portfolio. Over the coming two quarters, development in Jeddah and Madinah will complete and focus will shift to the development and leasing of the Warehousing parks in King Abdulla Economic City [KAEC]. In SOHAR the aim is to grow 3PL Services into a full-fledged logistics services unit across multiple locations.
Al-Subaie, says: As a businessman, you come across interesting opportunities every now and then. The challenge is to avoid getting carried away by lucrative opportunities that are not part of your planned sector or domain. As we chose to remain focused on warehousing and logistics, this has paid off returns since the inception of this company. The biggest achievement has been to focus on an area where not many players ventured in logistics asset development, and to stay the course for a long term.