Saudi Arabia-based GLT Express, the logistics arm of Global Logistics and Technology (GLT) Holdings, has extended its operations to Egypt by acquiring the Egyptian logistics company Gallop Express.
The acquisition is part of GLT’s plans to expand its operations beyond the Gulf Cooperation Council (GCC) countries and into further countries in the Middle East and North Africa (MENA) region.
GLT Express has been providing a wide range of logistics services to Saudi Arabia for over six years, including fulfillment, last-mile delivery, freight, and global address to facilitate the entire operating process, 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. 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.”
It is worth noting that Egypt is the 39th largest eCommerce market in the world, with revenues of $5 billion in 2021. With its unique geographic location, which qualified it to serve as a logistic hub between Europe, the Middle East, Africa, and Asia, the Egyptian logistics market saw an increase of 44 percent in 2021.
GLT aims to become one of the top five logistics operators in the region as a one-stop-hub, covering all service requirements from the first mile to the last mile, with operations in the UAE, and Sudan, in addition to its presence in the Saudi market.