Yanmu East Logistics Park opens this month
Hassan Allam Utilities and Agility have formed a joint venture – Yanmu - to develop, build and operate modern logistics parks and Grade A warehousing facilities in Egypt.
The companies’ first project, Yanmu East Logistics Park, is a 270,000 sqm site, 15 km from Cairo Airport and with proximity to the Ring Road. It is scheduled to open in August 2023.
A second park, Yanmu West Logistics Park, is planned to launch in 2024. 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 m ceilings, super-flat floors, efficient docking systems, and docking. Yanmu is incorporates sustainable design, including solar rooftops and other features that reduce power and water use and increase operational efficiency.
Both companies have large expansion plans in Egypt. In October, Agility announced that is investing roughly USD 60 million to develop and operate two customs and logistics centres in the Suez Canal Economic Zone.
In September, Hassan Allam Utilities signed two concession agreements to develop and operate strategic warehouses for the Internal Trade & Development Authority in the governorates of Luxor and Sharqiyah under a Boot scheme. (ben) www.agility.com www.hassanallam.com. (ben)