A.P. Moller Capital and Hassan Allam Utilities Sign Crucial Agreement
Denmark-based A.P. Moller Capital and Hassan Allam Utilities, the investment and development arm for Hassan Allam Holding have inked an agreement to jointly launch an integrated logistics platform for warehousing services in Egypt.
The platform will offer an array of services, including air cargo handling facilities, logistics and distribution centers, integrated warehousing parks and inland dry ports.
The platform seeks to support its clients by addressing the growing need for specialized warehousing, storage, and handling facilities for the e-commerce, FMCG, agricultural and pharmaceutical sectors, amongst others, A.P. Moller Capital stated.
Lars Jakobsen, Senior Partner at A.P. Moller Capital said: “Sustainable development of transport and logistics infrastructure is a priority in Egypt and Africa.
"We are therefore excited to partner with Hassan Allam Utilities, and together develop a platform contributing to increasing trade flows and providing stable and secure supply of critical products such as food and pharmaceuticals, through modern warehouses, air cargo handling facilities, logistics and distribution centers as well as inland dry ports."
The agreement came on the sidelines of a meeting between Minister of Civil Aviation Mohamed Abbas Helmy and representatives from both Hassan Allam Utilities and A.P. Moller Capital to discuss investment opportunities in the field of logistics services at Cairo International Airport.