Hassan Allam Utilities, Agility to Build Logistics Parks in Egypt
Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, and Agility, the industrial development specialist, formed a joint venture, YANMU, to develop, build and operate modern logistics parks and Grade A warehousing facilities in Egypt.
Hassan Allam Utilities and Agility announced that their first park, YANMU East Logistics Park, is a 270,000 sq mtr site, located on the new Cairo Suez road, 15 km from Cairo Airport and with proximity to the Ring Road.
YANMU East Logistics Park opens in August 2023. A second park, YANMU West Logistics Park, is planned to launch in 2024.
YANMU parks are designed to meet the storage and distribution needs of companies in e-commerce, manufacturing, consumer products, food and beverage, technology, automotive, energy, industrial goods, healthcare, pharmaceuticals and other sectors.
YANMU East Logistics Park offers Grade A warehousing at a unique, strategic location and provides tenants with 24/7 security, power, connectivity, and facility management.
In addition, the facility provides advanced warehouse engineering features, such as 14-meter ceilings, super-flat floors, efficient docking systems, and docking. Furthermore, YANMU is a green park incorporating sustainable design, including solar rooftops and other features that reduce power and water use and increase operational efficiency.
“YANMU will offer Egypt's most modern, efficient, and sustainable warehousing. We are proud to have strategically partnered with Agility, which has nearly four decades of experience in developing and operating Grade A warehousing across the Middle East, Africa, and Asia," said Amr Allam, Chairman of Hassan Allam Utilities.
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Agility Vice Chairman Tarek Sultan said: "When it comes to warehousing capacity and distribution capability, Egypt is underserved. YANMU will fill the gap with modern, efficient infrastructure that is going to power growth domestically and strengthen Egypt's role as a vital trade partner and crossroads."
Both Agility and Hassan Allam Utilities recently announced significant new investments and expansion plans in Egypt.
In October, Agility announced that is investing roughly $60 million to develop and operate two customs and logistics centers in the Suez Canal Economic Zone.
In September, Hassan Allam Utilities signed two concession agreements to develop and operate strategic warehouses for the Internal Trade & Development Authority (ITDA) in the governorates of Luxor and Sharqiyah under a BOOT scheme.
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