GLT Express, the logistics arm of Global Logistics and Technology (GLT) Holdings, has expanded its operations to the Egyptian market by acquiring Gallop Express, an Egyptian logistics company, as part of GLT’s plans to expand its operations beyond the GCC countries and into additional countries in the Middle East and North Africa (MENA) region.
GLT Express has been providing a wide range of logistics services to the Kingdom of Saudi Arabia for over six years, including fulfillment, last-mile delivery, freight, and global address, to facilitate the entire operating process from a-z, relying on its cutting-edge technology to deliver all types 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.
Worthy to mention that the Egyptian logistics market saw an increase of 44 per cent in 2021, thanks to its unique geographic location, which qualified it to serve as a logistic hub between Europe, the Middle East, Africa, and Asia. The Egyptian government, on the other hand, has made considerable transportation infrastructure improvements that are 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. We are keen on presenting our flexible, tailored technology, building an innovative, multicultural environment and creating strategic alliances, in order to enhance our presence inside the Egyptian market,” Humphries added.
GLT Holdings, founded in 2016 by Mr. Alzamil, is on a mission to help merchants scale and grow their businesses by providing quality full-suite solutions that allow them to leverage their operation process across multiple domains, allowing them to provide the highest quality and lowest cost services to their customers.
GLT Holdings also intends to help merchants with the entire selling process, including setting up e-commerce websites, providing different payment ways for both online and offline sales, fulfillment services, logistics, and delivery.
With operations in the UAE, Uzbekistan, and Sudan, as well as a six-year presence in the Saudi market, GLT aims to become one of the top five logistics operators in the region as a one-stop-hub, providing all service requirements from the first mile to the last mile.