Strategic Partnership between Hassan Allam Holding and Nesma Aims to Enhance Logistics Infrastructure and Drive Regional Economic Growth
Hassan Allam Utilities and Defaf United for Logistics join forces to develop advanced Off -Port Terminal in King Adullah Economic City
(Cairo, 10 Dec. 2024) Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, in joint venture with Defaf United for Logistics, a subsidiary of Nesma Holding, announces a strategic collaboration to invest in and develop an advanced off-port terminal in King Abdullah Economic City (KAEC), adjacent to King Abdullah Port. This collaboration aims to enhance regional logistics capabilities, offering integrated solutions to meet the growing demands of the logistics and trade sectors.
Strategically located along the Asia/Europe trunk line, KAEC provides an ideal setting for a full-service logistics hub. The new terminal will include state-of-the-art container yards and warehousing facilities, delivering flexible and integrated logistics solutions tailored to a wide range of customers. These features will enhance business operations and serve clients not only within Saudi Arabia but also across the Gulf Cooperation Council (GCC) region and East Africa.
Amr Allam, Co-CEO of Hassan Allam Holding, commented: “We are proud to partner with Defaf United for Logistics on this transformative initiative. The off-port terminal in KAEC will play a crucial role in strengthening the region’s logistics infrastructure. Together, we are committed to providing cutting-edge solutions that meet client needs and drive economic growth in the Kingdom.”
Mohannad Kamal, Chief Commercial Officer of Hassan Allam Utilities, commented: “This partnership marks a significant step in expanding our regional footprint in the logistics sector, a key driver of supply chain efficiency. It also reinforces our commitment to supporting a sustainable and diversified economy, aligning with the core objectives of Vision 2030.”
Defaf United for Logistics CEO, Moustafa Elbanhawi, added: that “We believe that the partnership with Hassan Allam Holding is a major milestone contributing in the development of Defaf next level services deliverables hence tapping the full potential of its strategy in alignment with the Kingdom of Saudi Arabia Vision 2030”.
Faisal Alturki, Nesma Co. President, concluded: “We are optimistic that Both groups will be reaching out for further joint strategic alliances capitalizing on their business synergies in different industries, including but not limited to, other logistics verticals.”
This development is expected to significantly streamline logistics processes, improve supply chain efficiency, and foster economic growth by enhancing trade connectivity. With its state-of-the-art infrastructure, the terminal will enable faster cargo handling, reduce operational costs, and support businesses in expanding their market reach. Serving clients across Saudi Arabia, the GCC, and East Africa, the terminal will establish KAEC as a key logistics hub and a catalyst for regional economic development.
By aligning with Vision 2030’s objectives to strengthen infrastructure and drive economic diversification, this partnership underscores a shared commitment to fostering sustainable development and bolstering the Kingdom’s position as a global trade gateway.
