KSA-based Links Investment and Egypt-based Egytrans have agreed to set up a JV in the Kingdom of Saudi Arabia (KSA). The new limited liability company will have a total capital of 10,000,000 SR, with both partners holding an equal 50 per cent stake. The company is expected to be operational by the end of the Q1 of 2024, with an initial capital of SR 500,000. Abir Leheta, CEO, Egytrans, said, “Our partnership with Links Investment, a dynamic enterprise, is a strategic move to tap into the lucrative KSA market, which is the largest for logistics providers. We share the same vision and goals, and we look forward to delivering innovative and specialized transport solutions for wind farms and other projects.” The JV will be headquartered in Riyadh, KSA, and will offer comprehensive transport and logistics services. The company will align with KSA’s Vision 2030, which aims to implement large-scale renewable energy projects by 2025.
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