{"id":555254,"date":"2021-11-08T04:00:34","date_gmt":"2021-11-08T04:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/"},"modified":"2021-11-08T04:00:34","modified_gmt":"2021-11-08T04:00:34","slug":"ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/","title":{"rendered":"Ibnsina\u2019s investment arm to pour EGP 440 mn into logistics firm"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> EGX-listed Ibnsina Pharma\u2019s investment arm AIM is investing EGP 440 mn to <\/strong><strong>establish a logistics service provider, Ramp Logistics<\/strong>, according to <a href=\"https:\/\/ent.news\/2021\/11\/Ibnsina-Ramp-Logistics-investment.pdf\">an EGX disclosure (pdf)<\/a>. The third-party logistics business is set to provide warehousing and transport services, and will be 99% owned by AIM.<\/p>\n<p><strong>Ramp Logistics is planning both sector and regional expansion:<\/strong> The company is looking to serve sectors outside of pharma in Egypt while also planning to grow its geographical footprint. Ramp has already signed a contract with <a href=\"https:\/\/ar-ar.facebook.com\/pages\/category\/Community\/Orchid-Kuwait-Egyptian-Company-224316137595242\/\">Orchid Kuwait Egyptian Company<\/a> to set up a new 31k sqm warehouse in Tenth of Ramadan, doubling its storage capacity. \u201cThe planned expansion by Ramp Logistics \u2026 will allow Ramp Logistics to lower the required initial capex needed for expansion and extend the payment of investment cost over a long period,\u201d said Omar Abdel Gawad, co-CEO of Ibnsina Pharma.<\/p>\n<p><strong>Background:<\/strong> Ibnsina, a pharma distributor, had previously signaled plans to shore up its logistics capabilities and was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4d3100f-91b3-49d0-ae20-6f818c07781d\">looking to invest<\/a> EGP 180 mn in 2021 to set up new distribution hubs and improve its tech infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EGX-listed Ibnsina Pharma\u2019s investment arm AIM is investing EGP 440 mn to establish a logistics service provider, Ramp Logistics, according to an EGX disclosure (pdf). The third-party logistics business is set to provide warehousing and transport services, and will be 99% owned by AIM. Ramp Logistics is planning both sector and regional expansion: The company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":555255,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,1414,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-ibnsina-pharma","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"eb64f2a4-fbfb-4eee-81e5-cb74d25de45f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/359.jpg","photo_position":"above","related_issue":[555250],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ibnsina\u2019s investment arm to pour EGP 440 mn into logistics firm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ibnsina\u2019s investment arm to pour EGP 440 mn into logistics firm\" \/>\n<meta property=\"og:description\" content=\"EGX-listed Ibnsina Pharma\u2019s investment arm AIM is investing EGP 440 mn to establish a logistics service provider, Ramp Logistics, according to an EGX disclosure (pdf). The third-party logistics business is set to provide warehousing and transport services, and will be 99% owned by AIM. Ramp Logistics is planning both sector and regional expansion: The company [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-08T04:00:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/359.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ibnsina\u2019s investment arm to pour EGP 440 mn into logistics firm\",\"datePublished\":\"2021-11-08T04:00:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/359.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Ibnsina Pharma\",\"investment watch\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/\",\"name\":\"Ibnsina\u2019s investment arm to pour EGP 440 mn into logistics firm - 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The company\u2019s mobile app provides goods and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555827,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/","url_meta":{"origin":555254,"position":4},"title":"DP World has another USD 25-35 mn lined up for Ain Sokhna port","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"Emirati port operator DP World will invest USD 25-35 mn in Ain Sokhna seaport over the next 2-3 years, DP World Sokhna CEO Gerard van den Heuvel tells Al Mal, less than a week after completing the multi-mn USD expansion of the Red Sea port. The next round of investment\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/632.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560508,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/ibnsina-to-tap-healthcare-fintech-with-new-company\/","url_meta":{"origin":555254,"position":5},"title":"Ibnsina to tap healthcare fintech with new company","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Ibnsina Pharma is making another play for the tech space, announcing in an EGXfiling (pdf) yesterday that it has set up a new EGP 300 mn company to invest in fintech firms focused on the healthcare sector. The company declined to disclose which types of fintech it wants to invest\u2026","rel":"","context":"In &quot;Fintech&quot;","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555254"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555254\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555255"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555254"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555254"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}