Agility, the industrial development specialist based in Kuwait, and Cairo-based Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, have formed a joint venture, YANMU to develop, build and operate modern logistics parks and Grade A warehousing facilities in Egypt.
The parties announced that their first park, YANMU East Logistics Park, is a 270,000 SQM site, located on the new Cairo Suez road, 15 km from Cairo Airport and in 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 eCommerce, manufacturing, consumer products, food and beverage, technology, automotive, energy, industrial goods, healthcare, pharmaceuticals and other sectors.
Tarek Sultan Vice Chairman – Agility
“When it comes to warehousing capacity and distribution capability, Egypt is underserved. YANMU will fill the gap with a modern, efficient infrastructure that is going to power growth domestically and strengthen Egypt’s role as a vital trade partner and crossroads. Hassam Allam Utilities’ reputation for excellence and intimate knowledge of the market gives YANMU a huge advantage.”
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 Mr. Amr Allam, Chairman of Hassan Allam Utilities.
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