Saudi Arabia-based company GLT Express, the logistics arm of Global Logistics and Technology (GLT) Holdings, has extended its activities to the Egyptian market by acquiring the Egyptian logistics company Gallop Express, as part of GLT’s plans to expand its operations beyond the GCC countries and into further countries in the Middle East and North Africa (MENA) region.
GLT Express, which has been in operation for six years within the Kingdom of Saudi Arabia since its inception, provides a broad range of logistics services, including fulfilment and last-mile delivery, freight and global address. It relies on cutting-edge technology to deliver all kinds of shipments.
“The acquisition of Gallop Express in Egypt was a no-brainer for GLT Holdings,” said Mark Humphries, CEO of GLT Express, commenting on the acquisition, explaining that the country is the 39th largest e-commerce market in the world, with revenues of $5 billion in 2021.
It is worth mentioning that Egypt’s logistics market saw a 44% increase in 2021 due to its unique geographical location. This allows it to be a hub for all things logistic between Europe, Africa, Asia, and the Middle East. However, the Egyptian government has made significant transportation infrastructure improvements in line with Egypt’s 2030 Vision.
“We aim to contribute to the country’s revolutionary vision through providing a list of logistics solutions to Egypt that distinguishes GLT Express from the competition. Humphries said that we are eager to present our flexible technology, build an innovative multicultural environment, and create strategic alliances in order increase our presence on the Egyptian market.
GLT Holdings was established in 2016 and is headed by Mr Alzamil. They aim to assist merchants in scaling and growing their businesses through quality, full-suite solutions that leverage their business processes in multiple domains. This allows them to offer their customers the highest quality and lowest cost services. GLT Holdings aims to simplify the entire selling process for merchants, from setting up their online stores for e-commerce to providing multiple payment options for offline and online sales, fulfillment services, logistics, and delivery.
GLT plans to become one the top five logistics companies in the area. The company will be a one-stop hub, providing all services required from the first mile up to the last mile. GLT has been operating in the UAE, Uzkistan and Sudan for more than six years, as well as its presence on the Saudi market.