Egytrans, a renowned Egyptian logistics and transport provider, and Links Investment, a leading Saudi-based investment firm dedicated to economic growth and sustainable development, have concluded an agreement to establish a joint venture in Saudi Arabia.
The newly formed limited liability company (LLC) will have both entities holding an equal 50% equity stake, with a projected total capital of 10 million SR.
Headquartered in Riyadh, KSA, the joint venture aims to enter the transport and logistics industry, leveraging Egytrans’ expertise in project logistics, especially in oil, gas, and renewables. This strategic move aligns with KSA’s upcoming large-scale renewable energy projects under Vision 2030.
The collaboration taps into Links Investment’s business diversification, extensive assets, international partnerships, and substantial land bank across KSA, enhancing logistical capabilities.
Abir Leheta, CEO of Egytrans, emphasized the company’s strategic expansion approach, citing the recent acquisition of NOSCO. The collaboration with Links Investment aims to establish a pioneering company focusing on wind farms and specialized transport solutions to capitalize on the growing Saudi market.
Saudi Arabia’s logistics sector, estimated at $240 billion for projects under execution, presents substantial growth potential driven by economic diversification, increased trade activities, and significant infrastructure projects.
Mr. Mansour Al-Mobty, CEO of Links Investment, expressed excitement about the partnership, which aligns with their vision for transformative growth.
The joint venture signifies a significant advancement, combining Egytrans’ 50-year market leadership and Links Investment’s strategic investments to capitalize on projected growth opportunities in Saudi Arabia’s logistics sector.
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