Rehal Logistics is a fast mover, having established a leading position in the logistics services field in a highly competitive market within a short time. With ambitious plans to expand its presence both regionally and internationally, it is a valuable addition to the Investment Dar Group. Investment Dar acquired a 30 percent share in Rehal Logistics in 2005 and it is currently aiming at expanding its investors’ base by selling a part of this share to private investors in preparation for entering Rehal into the Kuwait money market.
Rehal specializes in providing transportation solutions tailored to suit customers, employing a significant fleet of trucks that is able to meet a variety of transportation and logistics needs on a huge scale. Its fleet includes open trucks of various shapes and sizes, tankers to carry liquids in compliance with international specifications, LPG transportation tankers and hydraulic lift services. All vehicles are monitored 24 hours a day through its Fleet Management System.
The company has made inroads into a variety of markets, with clients in the public, military and commercial sectors as well as the American and Iraqi governments. Rehal's present operations cover Kuwait, Iraq, Saudi Arabia, Bahrain and UAE and the company is in the process of expanding its operations in the Middle East.
Moving Ahead
Rehal plans to push forward to become a full-service logistics company, growing its current carrying capacity as well as expanding regionally and globally into shipping, forwarding, warehousing, distribution and logistics management. The ultimate goal is to capture the regional and global market in offering complete solutions for both commercial and noncommercial cargo.
Conquering by Sea and Air
Rehal has already made steps towards these aims with its share of ownership in Load Air, which is the only joint stock company in Kuwait licensed for air cargo. And at the end of 2005, Rehal, with its sister company Adeem Investment, acquired a 45 percent share in Gulf Craft Inc, a leading manufacturer of boats and yachts with exports to the GCC region, wider MENA region, Australia, the United States and Europe.
Gulf Craft has established its brand image in the international market, with manufacturing facilities in UAE and Maldives. It has grown at an average rate of about 20 percent per year in the last two years.
The share in Gulf Craft is a strategic acquisition for Investment Dar Group and will align with other Investment Dar activities, such as ferry, taxi and marine charter services to the Oqyana development project in The World Islands. It will also present the opportunity for Investment Dar companies Wared Finance and Lease to finance Gulf Craft boat purchases.