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Hassan Allam Utilities + AP Moller Capital to launch integrated logistics platform: Our friends at Hassan Allam Utilities — the investment and development arm of Hassan Allam Holding — and AP Moller Capital have agreed to launch an integrated logistics platform for warehousing and handling services in Egypt under a strategic partnership, the company said in a press release (pdf).
The details: The platform will offer air cargo handling facilities, logistics and distribution centers, integrated warehousing parks, inland dry ports, and terminals. It will focus mainly on the development of warehousing capacity across Egypt to support the country’s long-term plans to expand its storage capacity for agricultural products and enhance food security, according to the statement.
The partnership aims to attract c.USD 200 mn of direct investments in Egypt’s logistics, airfreight, and warehouses sector, which will contribute to increasing trade flows, the statement said. The platform will “contribute to increasing trade flows and providing a stable and secure supply of critical products such as food and [pharma products],”said AP Moller Capital Senior Partner Lars Jakobsen.
More logistics parks: Hassan Allam Utilities plans to develop logistics parks across Egypt as part of the platform through further partnerships with global players, Chairman Amr Allam said.
Hassan Allam Utilities has been making strides across Egypt’s logistics sector: The company formed a joint venture, dubbed Yanmu, with Kuwait’s Agility last month to set up and operate logistics parks in Egypt. It was also awarded two projects by Egypts Internal Trade and Development Authority (ITDA), in September to develop and operate strategic warehouses in Luxor and Sharqia.
About Hassan Allam Utilities: Established in 2017 as the investment and development arm of construction giant Hassan Allam Holding, the company targets opportunities addressing the clean energy market for infrastructure services in Egypt and the region. Its investment and development efforts are focused on sustainable infrastructure, particularly in renewable energy, water, logistics, mobility, and social infrastructure.
