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, Invest-Gate reports.

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 feature 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, stated: “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.”

Moustafa Elbanhawi, Defaf United for Logistics CEO, added, “We believe that the partnership with Hassan Allam Holding is a major milestone in developing Defaf’s next-level service deliverables, thereby tapping into the full potential of our strategy in alignment with the Kingdom of Saudi Arabia’s Vision 2030.”

Faisal Alturki, President of Nesma Co., concluded: “We are optimistic that both groups will seek further joint strategic alliances, capitalizing on their business synergies across different industries, including but not limited to other logistics verticals.”