Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, a privately owned engineering firm led by Egyptian businessman Hassan Allam, has partnered with industrial developer Agility to establish YANMU, a joint venture aimed at developing and operating cutting-edge logistics parks and Grade A warehousing facilities in Egypt.
According to Amr Allam, the chairman of Hassan Allam Utilities, YANMU will offer Egypt state-of-the-art and sustainable warehousing solutions, while leveraging the strong ties the two companies have already established with Agility.
“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,” he said.
Both Hassan Allam Utilities and Agility have jointly announced that their first park, YANMU East Logistics Park, is set to open in August 2023.
The park is an impressive 270,000-square-meter site, strategically located on the new Cairo Suez Road, just 15 kilometers away from Cairo Airport, and conveniently close to the Ring Road.
According to the group, YANMU East Logistics Park offers top-notch Grade A warehousing at a highly sought-after location, with 24/7 security, power, connectivity, and facility management services for its tenants. The facility also boasts cutting-edge warehouse engineering features, including 14-meter ceilings, super-flat floors, efficient docking systems, and docking.
It’s worth noting that Hassan Allam Holding is a highly reputable company in the engineering, procurement, construction, building materials, and utilities industries. With over 80 years of experience, they are one of the largest privately held corporations in Egypt, North Africa, and the Middle East.
The company, co-led by the visionary businessman Hassan Allam and his brother Amr Allam, has amassed a wealth of experience and expertise over the years and has grown exponentially under their leadership.
With a construction backlog of more than $2.8 billion, Hassan Allam Holding has established itself as a major player in the industry and continues to drive growth and deliver large-scale projects that contribute to the economic development of the region.