OLA Energy plans to invest EGP 500 in Egypt over the next five years

INVESTMENT WATCH- Libya Oil Group plans to invest EGP 500 in Egypt over the next five years, the group announced as it unveiled the new brand name “OLA Energy” for all its outlets and products, according to its official statement (pdf). OLA Energy’s expansion plan includes injecting EGP 500 mn in Egypt over the next five years, with a plan to increase its 90 stations to 110 by 2021, as well as setting up its first storage warehouse in Alexandria.