{"id":581239,"date":"2023-02-22T00:00:00","date_gmt":"2023-02-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/"},"modified":"2023-02-22T00:00:00","modified_gmt":"2023-02-22T00:00:00","slug":"more-natgas-filling-stations-cartona-eyes-ksa-debut","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/","title":{"rendered":"More natgas filling stations + Cartona eyes KSA debut"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUTOMOTIVE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More natgas filling stations: <\/span><span style=\"\">The number of natural gas filling stations has risen more <\/span><span>than fourfold since 2020 to more than 900, as part of the state\u2019s push towards converting traditional vehicles to run on natgas, Oil Minister Tarek El Molla said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid05Tpi9TRJLAf5RasDmRSZHxbjM2Ba4dyC5VssaxvoYKzseCS99R8DgpNuy6nS7hnKl\" style=\"\">statement<\/a><\/span><span> yesterday. The state is working to build as many as 120 stations this year, he added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">STARTUPS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Cartona eyes Saudi debut:<\/span><span style=\"\"> Egyptian B2B e-commerce platform <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cartona.com\/\" style=\"\">Cartona<\/a><\/span><span style=\"\"> plans to <\/span><span>expan<\/span><span>d to <\/span><span>Saudi Arabia in early 2024, CEO and co-founder Mahmoud Talaat told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/41cBP59\" style=\"\">Asharq Business<\/a><\/span><span> in an interview. His statements come nearly a year after Cartona <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/07\/26\/cartona-raises-usd-12-mn-series-a-funding-76540\/\" style=\"\">raised USD 12 mn<\/a><\/span><span style=\"font-weight:400;\"> in a series A round led by VC firm Silicon Badia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI- <\/span><span style=\"\">We sat down with Talaat for <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/08\/02\/meet-our-founder-of-the-week-mahmoud-talaat-ceo-and-co-founder-of-cartona-76996\/\" style=\"\">an interview last year<\/a><\/span><span style=\"\"> when he was featured as our Founder <\/span><span style=\"font-weight:400;\">of the Week in EnterprisePM. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">AND- <\/span><span style=\"font-weight:700\">inDrive raises USD 150 mn<\/span><span style=\"font-weight:700\">:<\/span><span style=\"\"> Global ride-hailing app inDrive \u2014 FKA inDriver \u2014 has <\/span><span>raised some USD 150 mn from existing investor <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.generalcatalyst.com\/\" style=\"\">General Catalyst<\/a><\/span><span> to support the company\u2019s growth plans, it said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/inDrive-Round-English-PR.pdf\" style=\"\">press release (pdf)<\/a><\/span><span>. This marks the company\u2019s first round of funding since it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/from-independent-drivers-new-inner-drive-indrive\/?trackingId=o0wZw3c1vf7GHMeNpzwPPA%3D%3D\" style=\"\">rebranded to inDrive<\/a><\/span><span style=\"font-weight:400;\"> back in October to reflect the company\u2019s growth into verticals beyond ride-hailing, including helping users \u201clook for jobs, request household services, and book long-distance trips and deliveries.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span>The company has been operating in Egypt <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.wamda.com\/2021\/08\/ride-hailing-egypt-global-tug-war&sa=D&source=docs&ust=1676998472727077&usg=AOvVaw1gbNcyFmIwYepy0R3fNHGI\" style=\"\">since<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.wamda.com\/2021\/08\/ride-hailing-egypt-global-tug-war&sa=D&source=docs&ust=1676998472727077&usg=AOvVaw1gbNcyFmIwYepy0R3fNHGI\" style=\"\">September 2020<\/a><\/span><span style=\"font-weight:400;\">, offering its services in Suez before expanding to Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Speaking of ride-hailing services: <\/span><span>DiDi Egypt has expanded its motorcycle ride-hailing service \u2014 dubbed DiDi Tayaran \u2014- to Alexandria, it said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/DiDi-Launches-Tayran-in-Alex-EN.pdf\" style=\"\">statement (pdf)<\/a><\/span><span> yesterday. The Chinese firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/01\/11\/this-morning-egypts-afcon-2021-journey-begins-tonight-fed-vice-chair-resigns-amid-scandal-62431\/\" style=\"\">landed in Egypt<\/a><\/span><span> last year and launched a scooter service <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/11\/27\/egyptian-national-railways-lands-funding-from-eib-afd-88939\/\" style=\"\">in November<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">COMMODITIES- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We just bought rice from abroad<\/span><span style=\"\">: State grains buyer GASC has bought 50k tons of <\/span><span>imported rice, the Supply Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/web.facebook.com\/msitgovegypt\/posts\/pfbid02TvhYQXne2PpZ1saUBPvq8mSp29Fku6We9iEY5qCZMNbBfSyYeVWyTjoMbRRLn7S5l\" style=\"\">said<\/a><\/span><span>. The purchase comes a few days after the government prematurely<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/19\/govt-lifts-price-cap-on-rice-97271\/\" style=\"\">lifted a cap on local rice prices<\/a><\/span><span style=\"font-weight:400;\">, with officials saying that the state could look to increase rice imports in a bid to control soaring prices.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">INFRASTRUCTURE-<\/span><span style=\"font-weight:400;\"> <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Cannon Artes lands contract for Suez water treatment plant:<\/span><span style=\"\"> Italy-based <\/span><span>water engineering company Cannon Artes has secured a USD 31 mn contract to build a desalination and demineralization plant for the state-owned Suez Oil Processing Company\u2019s (SOPC) oil refinery, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cannonartes.com\/news-and-events\/cannon-artes-awarded-a-massive-desalination-plant-for-a-refinery-project-in-egypt\/\" style=\"\">a statement<\/a><\/span><span style=\"font-weight:400;\">. Under the contract, the company will be responsible for designing, constructing, commissioning and delivering the plant. The plant will process almost 30k cubic meters of water a day, and is expected to come online in 1Q 2024. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REFRESHER- <\/span><span>SOPC launched an international tender for the water treatment plant in 2021, almost a year after it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/17\/el-sisi-ratifies-usd-200-mn-ebrd-loan-to-suez-oil-processing-co\/\" style=\"\">secured a USD 200 mn loan<\/a><\/span><span style=\"font-weight:400;\"> from the European Bank for Reconstruction and Development (EBRD) to finance its energy efficiency investments.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUTOMOTIVE- More natgas filling stations: The number of natural gas filling stations has risen more than fourfold since 2020 to more than 900, as part of the state\u2019s push towards converting traditional vehicles to run on natgas, Oil Minister Tarek El Molla said in a statement yesterday. The state is working to build as many [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":581240,"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":[7209],"tags":[111,6659,2176,329,72,7138,6658,7111,123,5314,207,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-cannon-artes","tag-cartona","tag-didi","tag-enterpriseam","tag-health","tag-indrive","tag-infrastructure","tag-startups","tag-suez-oil-processing-company","tag-transport","tag-water","wpautop","entry"],"acf":{"mongo_id":"8c6fe1dd-a3a2-40ad-8cc9-92c6c993742e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/Cargas-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581222],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.7853ab3f-0369-4cec-99d2-9cf8469ef487.mp3"},"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>More natgas filling stations + Cartona eyes KSA debut - 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\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More natgas filling stations + Cartona eyes KSA debut\" \/>\n<meta property=\"og:description\" content=\"AUTOMOTIVE- More natgas filling stations: The number of natural gas filling stations has risen more than fourfold since 2020 to more than 900, as part of the state\u2019s push towards converting traditional vehicles to run on natgas, Oil Minister Tarek El Molla said in a statement yesterday. The state is working to build as many [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/Cargas-1600px.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More natgas filling stations + Cartona eyes KSA debut\",\"datePublished\":\"2023-02-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/\"},\"wordCount\":456,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/Cargas-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Cannon Artes\",\"Cartona\",\"Didi\",\"EnterpriseAM\",\"health\",\"inDrive\",\"infrastructure\",\"startups\",\"Suez Oil Processing Company\",\"transport\",\"water\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/more-natgas-filling-stations-cartona-eyes-ksa-debut\/\",\"name\":\"More natgas filling stations + Cartona eyes KSA debut - 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Trade Minister Nevine Gamea\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\/2020\/8\/34.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561510,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/govt-doubles-natgas-station-target-to-1k-by-the-end-of-2021\/","url_meta":{"origin":581239,"position":2},"title":"Gov\u2019t doubles natgas station target to 1k by the end of 2021","author":"enterpriseam admin","date":"11 April 2021","format":false,"excerpt":"Egypt should have 1k natural gas filling stations set up nationwide by the end of the year under a government-backed program to expand natgas refueling infrastructure as Egypt moves forward with its plan to convert or replace gasoline-fueled cars, Oil Minister Tarek El Molla said, according to Al Mal. The\u2026","rel":"","context":"In &quot;THE NATGAS TRANSITION&quot;","block_context":{"text":"THE NATGAS TRANSITION","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-natgas-transition\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568339,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/fill-er-up-2\/","url_meta":{"origin":581239,"position":3},"title":"Fill \u2018er up","author":"enterpriseam admin","date":"27 December 2020","format":false,"excerpt":"Car owners that make the switch to natural gas and dual fuel engines will have access to 325 more natgas filling stations in 2021, as the Oil Ministry looks to bring the total number of stations across the country to 550, Minister Tarek El Molla told Extra News (watch, runtime\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/439.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564662,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/fill-er-up\/","url_meta":{"origin":581239,"position":4},"title":"Fill \u2018er up","author":"enterpriseam admin","date":"18 February 2021","format":false,"excerpt":"Are natgas filling station operators getting a package of incentives? 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