Hassan Allam Holding and Agility forming YANMU

Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, and Agility, the industrial development specialist, formed a joint venture, YANMU, to develop, build and operate modern logistics parks and Grade A warehousing facilities in Egypt.

Hassan Allam Utilities and Agility announced their first park, YANMU East Logistics Park, a 270,000 SQM facility located on the new Cairo Suez road, 15 km from Cairo Airport and with proximity to the Ring Road. YANMU East Park opens in March 2023. A second park, YANMU West Park, is planned to launch in 2023.

YANMU parks are designed to meet the storage and distribution needs of companies in e-commerce, manufacturing, consumer products, food and beverage, technology, automotive, energy, industrial goods, healthcare, pharmaceuticals, and other sectors.

Commenting on the partnership, Amr Allam, Chairman of Hassan Allam Utilities, said, “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.”

For more information please visit https://yanmuparks.com

Link to Press Release: https://lnkd.in/dBADBem8