Egyptian logistics and transport provider Egytrans, recognized for its integrated solutions, and Saudi investment firm Links Investment, committed to economic growth, have finalized an agreement to establish a 50/50 joint venture (JV) in Saudi Arabia. The new company, headquartered in Riyadh, aims to enter the transport and logistics industry, leveraging Egytrans' expertise in project logistics, particularly in the oil, gas, and renewables sectors. With an initial capital of 500,000 Saudi Riyal ($133,328) and a projected total capital of 10 million Saudi Riyal ($2.6 million), the joint venture strategically aligns with Saudi Arabia's upcoming renewable energy projects. The collaboration draws upon Links Investment's diversified business, extensive assets, international partnerships, and significant land bank across the Kingdom of Saudi Arabia, aiming to meet the growing logistics demands and renewable energy initiatives in the region.
The collaboration combines Egytrans' fifty-year market leadership with Links Investment's strategic investments, positioning them for sustained expansion and progress in Saudi Arabia's logistics sector.