MBH on Hassan Allam Utilities’ JV with Agility on YANMU Park
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Hasan Allam Utilities, the investment and development arm of Hassan Allam Holding, in its joint venture with Agility, the industrial development specialist, to establish YANMU which aims to develop, build, and operate modern logistics parks and Grade A warehousing facilities in Egypt.
The MBH team advising on the matter was led by Tamer El Hennawy (partner and co-head of corporate and m&a and capital markets, pictured), Samih Talaat (counsel), Omar Khattab (senior associate), and Omar Zayed (associate).
With their first park announced, YANMU East Logistics Park, a 270,000 SQM facility located on the new Cairo Suez Road, 15 kilometers away from Cairo Airport, which is expected to be launched in March and opened in August 2023.
YANMU parks are designed to meet the storage and distribution needs of companies in ecommerce, manufacturing, consumer products, food and beverage, technology, automotive, energy, industrial goods, healthcare, pharmaceuticals, and other sectors.
