{"id":69716,"date":"2023-03-16T00:00:00","date_gmt":"2023-03-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/03\/16\/hassan-allam-utilities-agility-to-build-logistics-parks-in-egypt\/"},"modified":"2023-03-16T00:00:00","modified_gmt":"2023-03-16T00:00:00","slug":"hassan-allam-utilities-agility-to-build-logistics-parks-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/03\/16\/hassan-allam-utilities-agility-to-build-logistics-parks-in-egypt\/","title":{"rendered":"Hassan Allam Utilities, Agility to build logistics parks in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Hassan Allam Utilities + Agility to build logistics parks in Egypt:<\/span><span style=\"\"> Egyptian<\/span><span> development firm Hassan Allam Holding subsidiary <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hassanallam.com\/utilities\/group-profile\" style=\"\">Hassan Allam Utilities<\/a><\/span><span> has formed a joint venture \u2014 dubbed Yanmu \u2014 with Kuwaiti warehousing and industrial developer Agility to set up and operate logistics parks in Egypt, the companies said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2023\/03\/Yanmu-release-English.v4.docx.pdf\" style=\"\">joint press release (pdf)<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The parks will offer storage and distribution warehouses<\/span><span> to companies operating in sectors including e-commerce, manufacturing, consumer products, food and beverages, tech, automotive, energy, industrial goods, healthcare, and pharma, the release reads. They will incorporate sustainable features including solar rooftops. The facilities will offer lower carbon footprints, lower energy costs, and a 35% space savings compared to traditional warehouses, a company executive <\/span><span>told <\/span><span style=\"font-weight:400;\">EnterpriseAM.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Hassan Allam will project manage and build the parks:<\/span><span>Hassan Allam Construction will build the parks under an engineering, procurement and construction (EPC) contract, Hassan Allam Holding co-CEO Amr Allam told EnterpriseAM. Hassan Allam Holding subsidiary <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hassanallam.com\/media-centre\/News\/details\/Power-Generation-Engineering-Services-Company\" style=\"\">PGESCO<\/a><\/span><span style=\"font-weight:400;\"> will act as the project management consultant, he added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The first park:<\/span><span> Yanmu East Logistics Park will be located on the new Cairo Suez road close to Cairo International Airport and the Ring Road. It is expected to open by August 2023. It will cost some USD 100 mn to build and will be jointly financed by the two partners through a mixture of debt and equity, Agility said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2023\/03\/Agility-Disclosure.pdf\" style=\"\">a disclosure (pdf)<\/a><\/span><span style=\"font-weight:400;\"> to the Kuwaiti stock exchange.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A data center tie-in:<\/span><span> Yanmu will also develop data center campuses at its warehouses, tying in with the MENA-wide data centers project Agility <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/09\/agthia-wants-to-make-egypt-into-an-export-hub-plus-news-from-the-suez-canal-pif-agility-and-telecoms-99205\/\" style=\"\">launched last week<\/a><\/span><span>. Yanmu East will include a data center featuring 25 MW of IT load, Allam said. Readily available energy will cut delivery time for international data center developers, who <\/span><span>have significant<\/span><span style=\"font-weight:400;\"> appetite for green power at data centers. Egypt is well-positioned as a data center hub given its geographical location and the multiple subsea cables crossing its borders.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Tenants are already lined up:<\/span><span style=\"font-weight:400;\"> Hassan Allam Utilities has already secured long-term lease agreements with local companies for 50% of the first park\u2019s warehouse space, Allam told EnterpriseAM. The park\u2019s design will save on average 35% of the space required by traditional warehouses to store the same amount of goods, he added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The second park:<\/span><span style=\"font-weight:400;\"> Yanmu West Park is set to launch in 2024 at a yet-to-be-finalized \u201cstrategic location,\u201d Allam said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More to come:<\/span><span style=\"font-weight:400;\"> Yanmu is eyeing further locations in the Nile Delta and Upper Egypt, and is also considering building \u201cexport facilities from key ports,\u201d he added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Both firms are active in Egypt\u2019s logistics sector:<\/span><span> Agility last year said it would <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/04\/kuwaits-agility-to-invest-usd-60-mn-setting-up-hubs-for-logistics-and-customs-82908\/\" style=\"\">invest USD 60 mn<\/a><\/span><span> to set up and operate two customs and logistics services hubs in Egypt\u2019s Ain Sokhna and East Port Said in the Suez Canal Economic Zone. Hassan Allam Utilities signed <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/09\/28\/the-private-sector-is-officially-in-on-the-governments-strategic-reserve-building-efforts-82215\/\" style=\"\">EGP 4 bn in final contracts<\/a><\/span><span> alongside Orascom Construction and Samcrete to together build four warehouses for grain and other basic commodity storage for the Egyptian Supply Ministry.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first park is expected to open by August 2023<\/p>\n","protected":false},"author":1,"featured_media":69717,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[14,17,19,15,20,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-69716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zones","tag-agility","tag-enterprise-logistics","tag-hassan-allam-utilities","tag-logistics-park","tag-yanmu","tag-zones","wpautop","entry"],"acf":{"mongo_id":"491ecae1-659e-4c72-a549-deeca6466174","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/enterprise.press\/wp-content\/uploads\/2023\/03\/Logistics-park-x1600.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[69711],"teaser":"The first park is expected to open by August 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.89d306a2-358c-4193-a5f5-6e77fdb070f0.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hassan Allam Utilities, Agility to build logistics parks in Egypt - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/03\/16\/hassan-allam-utilities-agility-to-build-logistics-parks-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hassan Allam Utilities, Agility to build logistics parks in Egypt\" \/>\n<meta property=\"og:description\" content=\"The first park is expected to open 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