GWC and QC+ to build Gulf art hub: Qatar-based logistics firm Gulf Warehousing Company (GWC) has partnered with Qatari strategy group QC+ to establish a hub for fine art storage and handling, according to a statement (pdf). The facility will be located in a designated freezone in Doha. The investment ticket and timeline for the project were not disclosed.

Why is logistics important for fine art? Conventional shipping and transportation are not always suitable for fine art, as fragile pieces — like sculptures and paintings — could sustain damage like cuts or scratches during long flights, changes in climate conditions, and multiple handling points, according to an article by shipping giant DHL. Artists might need professional help to navigate the challenges of shipping their work — namely ins. costs, declaration fees, and prohibitions on certain items.

It’s an up-and-coming sector: Many logistics players around the world specialize in shipping art pieces today, emphasizing their attention to strict environmental controls, custom-made packaging, and specialized movement, like OverPack and Fine Arts Logistics. The sector is forecast to grow by USD 954 mn, at a compound annual growth rate of 4.5% between 2024 and 2029, according to a study published by market research and advisory firm Technavio.

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