Jumia Egypt an e-commerce platform has inked a lease agreement with Hassan Allam for space in East Cairo logistics complex.
The contract inked for a warehouse space rented by Jumia is 26,000 sqm and is located in East Cairo, was signed by CEO of Jumia Egypt Hisham Safwat and CEO of Hassan Allam Holding Amr Allam with the participation of a number of leaders from the two companies.
The deal will see Jumia expand its business in the market, meeting the needs of customers and delivering products on time. It also reflects the increasing demand from customers on Jumia products and services in all governorates. The firm’s CEO said that Jumia’s goal is to enhance its investment prospects in Egypt in various ways, one of them being investments and logistics. It is expanding its range of free shipping services to all customers in all governorates of the republic through Jumia Express.
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“The company is proud of this cooperation, which comes within the framework of its ambitious strategy to increase its storage areas and increase its number of stored products, noting that the Egyptian market is one of the most promising markets in which Jumia operates in Africa,” said Mr. Safwat.
For his part, Allam said: “We are pleased to cooperate with Jumia and facilitate its operations, and this comes within the framework of Hassan Allam Utilities’ vision to invest and develop in the warehousing and logistics services sector throughout the republic, as the company pays special attention to providing the latest global technology in the fields of sustainable infrastructure, especially in the fields of renewable energy, water, logistics, transportation, and social infrastructure.”
“The company is currently focusing on implementing more expansions to serve the logistics and warehousing industry, which in turn will reflect positively on the e-commerce industry. The collaboration with Jumia we are celebrating today is a perfect example of that,” he added
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