{"id":83466,"date":"2024-12-31T00:00:00","date_gmt":"2024-12-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/31\/ibnsina-pharma-to-set-up-a-warehouse-in-yanmu-east-logistics-park\/"},"modified":"2024-12-31T00:00:00","modified_gmt":"2024-12-31T00:00:00","slug":"ibnsina-pharma-to-set-up-a-warehouse-in-yanmu-east-logistics-park","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/31\/ibnsina-pharma-to-set-up-a-warehouse-in-yanmu-east-logistics-park\/","title":{"rendered":"Ibnsina Pharma to set up a warehouse in Yanmu East Logistics Park"},"content":{"rendered":"

Egypt\u2019s Ibnsina Pharma will lease 11k sqm of warehousing space in <\/strong>Egypt\u2019s Yanmu East Logistics Park<\/strong>, a JV between our friends at Hassan Allam Utilities and Kuwait\u2019s Agility Logistics Park, according to a statement<\/a>. The move looks to strengthen the firm\u2019s distribution capacity and meet increasing demand for pharma goods. The investment ticket and a timeline for the project have not been disclosed.<\/p>\n

Background: <\/strong>Hassan Allam and Agility formed a JV dubbed Yanmu in March 2023<\/a> to set up and operate two logistics parks in Egypt, Yanmu East and Yanmu West. Yanmu Logistics Park inked an agreement with Egypt\u2019s Commercial International Bank in September 2023<\/a> for an EGP 1.5 bn (USD 48.5 mn) loan to finance the construction of Yanmu East Logistics Park.<\/p>\n

Yanmu\u2019s been busy:<\/strong> Haier agreed to lease 11k square meters for a warehouse at Yanmu East Logistics Park earlier this month<\/a>. The project is set to strengthen Haier's supply chain efficiency by using Yanmu\u2019s easy access to key markets and transportation routes.<\/p>\n

About Ibnsina Pharma: <\/strong>The firm, established in 2001, is one of Egypt\u2019s largest pharma distribution companies, the statement notes. Ibnsina distributes a host of pharma goods to over 350 local and international players, with a fleet of around 830 vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ibnsina Pharma will lease 11k sqm in warehouse space at Yanmu East Logistics Park, a JV between Hassan Allam Utilities and Agility Logistics Park<\/p>\n","protected":false},"author":1,"featured_media":83467,"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":[221],"tags":[49,207,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-storage-warehouses","tag-egypt","tag-storage-warehouses","tag-zones","wpautop","entry"],"acf":{"mongo_id":"70db6c0c-a2c6-46c3-b708-05f5e81cbed0","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/215.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ibnsina Pharma to set up a warehouse in Yanmu East Logistics Park","related_issue":[83458],"teaser":"Ibnsina Pharma will lease 11k sqm in warehouse space at Yanmu East Logistics Park, a JV between Hassan Allam Utilities and Agility Logistics Park","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.15cc71df-6e65-4aec-8e62-daa16468db7c.mp3"},"yoast_head":"\nIbnsina Pharma to set up a warehouse in Yanmu East Logistics Park - 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