Egytrans’ new Saudi transport partnership

Egypt-based logistics and transport company Egytrans and Saudi-based investment firm Links Investment will partner in a joint venture in Saudi Arabia.

Egytrans and Links Investment partner up. (Photo: Daily News Egypt)

The new LLC will have a capital of 10 million Saudi Riyal ($2.6 million dollars), with both partners holding an equal 50 per cent stake.

The company is expected to be operational by the end of the first quarter of 2024.

The joint venture will be headquartered in Riyadh, Saudi Arabia, and will offer comprehensive transport and logistics services, especially in the oil, gas, and renewables sectors.

The company will leverage Egytrans’ expertise in project logistics and Links Investment’s diversified assets and partnerships to meet the growing demand for renewable energy solutions in the region.

Abir Leheta, CEO of Egytrans, said, “We have always sought to expand our business not only in Egypt but also internationally. Our recent acquisition of NOSCO, a major heavy transport player in Egypt, demonstrates our commitment. Our partnership with Links Investment is a strategic move to tap into the Saudi market, which is the largest for logistics providers in the region. We share the same vision and goals, and we look forward to delivering innovative and specialized transport solutions for wind farms and other projects.”

Mansour Al-Mobty, CEO of Links Investment, said, “We are thrilled about the immense potential of the Saudi market and the opportunity to collaborate with Egytrans. Our vision is to leverage our assets and partnerships to establish state-of-the-art logistics facilities and enhance our market capabilities. This partnership is based on mutual values, trust, and a pursuit of excellence, positioning us for long-term growth and success.”