Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, and Defaf United for Logistics, a subsidiary of Nesma Holding, have announced a strategic partnership to develop a state-of-the-art off-port logistics terminal in King Abdullah Economic City (KAEC). This initiative aims to enhance regional logistics infrastructure, streamline supply chains, and support Saudi Arabia’s Vision 2030.
Strategic Location to Boost Trade Connectivity
KAEC is strategically situated along the Asia-Europe trade route, making it an ideal location for establishing a fully integrated logistics hub.
The new terminal will feature:
- Advanced container yards.
- Modern warehousing facilities.
- Tailored logistics solutions for diverse industries.
The hub is expected to strengthen trade operations, supporting businesses across Saudi Arabia, the GCC, and East Africa by facilitating seamless connectivity and efficient logistics services.
Leadership Insights on the Collaboration
- Amr Allam, Co-CEO of Hassan Allam Holding:
“We are proud to partner with Defaf United for Logistics on this transformative project. The new terminal in KAEC will play a key role in advancing regional logistics infrastructure and driving economic growth.” - Mohannad Kamal, Chief Commercial Officer of Hassan Allam Utilities:
“This collaboration is a significant step toward expanding our logistics footprint in the region and aligns with Vision 2030’s focus on sustainable and diversified economic growth.” - Moustafa Elbanhawi, CEO of Defaf United for Logistics:
“This partnership elevates Defaf’s logistics capabilities, enabling us to fulfill our strategic potential and contribute to Saudi Arabia’s Vision 2030.” - Faisal Alturki, President of Nesma Holding:
“We are optimistic about expanding our strategic alliances to include other industries, leveraging the synergies between our groups.”
Economic and Trade Benefits
This advanced terminal is expected to:
- Streamline logistics operations by improving cargo handling and reducing operational costs.
- Enhance supply chain efficiency to meet the growing demands of trade and logistics.
- Foster economic growth by facilitating better trade connectivity.
- Support market expansion for businesses within the GCC and East Africa.
Alignment with Vision 2030
The partnership underscores a shared commitment to Saudi Arabia’s Vision 2030, focusing on:
- Strengthening infrastructure development.
- Diversifying the economy.
- Establishing the Kingdom as a global trade gateway.
This ambitious project will position KAEC as a key logistics hub, offering innovative solutions and accelerating regional development. The terminal will serve as a catalyst for economic growth while fostering sustainable trade practices.
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