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HAU to develop an off-port terminal in KAEC: Egyptian energy and infrastructure leader Hassan Allam Utilities (HAU) has signed a strategic partnership agreement with Saudi-based Nesma Holding’s logistics subsidiary Defaf United for Logistics to invest in and develop an advanced off-port terminal in King Abdullah Economic City (KAEC), the company said in a statement (pdf).
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What we know: The terminal will include “container yards and warehousing facilities, delivering flexible and integrated logistics solutions tailored to a wide range of customers,” the statement reads. This development is expected to streamline logistics processes and improve supply chain efficiency with faster cargo handling.
Strategic placement: The new terminal aims to serve clients across Saudi Arabia, the GCC, and East Africa, establishing KAEC as a key logistics hub to support regional trade.
What they said: “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,” Hassan Allam Holding Co-CEO Amr Allam said.
