Orascom Investment to enter logistics sector in H2-19

Cairo – Mubasher: Orascom Investment Holding has unveiled a plan to enter the field of logistics through a project, the first phase of which comprises 200-truck fleet.

The next phases of the project will include smaller vehicles, the company’s managing director Tamer Al-Mahdi told Al-Mal newspaper.

The Egypt-listed company considers the logistics sector as a promising sector in Egypt, given the country’s great population and geographic location.

The execution of the project is expected to commence in the second six months of 2019, Al-Mahdi said.

In August, Orascom Investment posted a consolidated loss of EGP 141.2 million in the six-month period ended June, against profits of EGP 359.32 million in H1-17.

Mubasher Contribution Time: 04-Sep-2018 15:28 (GMT)
Mubasher Last Update Time: 04-Sep-2018 15:28 (GMT)