Agility would like to announce that it has entered into a joint venture “Yanmu” with Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding in Egypt. The JV is intended to develop, build and operate modern logistics parks and Grade A warehousing facilities in Egypt. The first park of this JV is Yanmu East Park, a 270,000 SQM site, located on the new Cairo Suez road, this park will open in August 2023. A second park, Yanmu West Park, is planned to launch in 2024.

The initial investment for the first park is expected to be around $100 million (around KD 30 million) and will be financed part in equity, jointly by the JV partners, and part in debt in the form of project finance.

Best Regards,
Investor Relations Department