AP Moller Capital and Hassan Allam Utilities formed a joint venture.

AP Moller Capital, a infrastructure fund manager focused on high growth markets, and Hassan Allam Utilities, an investment and development arm of Hassan Allam, a company focuses its investment and development efforts on sustainable infrastructure, primarily in renewable energy, water, logistics, mobility, and social infrastructure assets, formed a joint venture. Financial terms were not disclosed. “Sustainable development of transport and logistics infrastructure is a priority in Egypt and Africa. We are therefore excited to partner with Hassan Allam Utilities, and together develop a platform contributing to increasing trade flows and providing stable and secure supply of critical products such as food and pharmaceuticals, through modern warehouses, air cargo handling facilities, logistics and distribution centers as well as inland dry ports,” Lars Jakobsen, A.P. Moller Capital Senior Partner.