{"id":582619,"date":"2023-03-13T00:00:00","date_gmt":"2023-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/amazon-to-triple-warehouse-space-in-egypt-this-year-plus-expat-plans-to-invest-usd-400-mn-in-local-healthcare-firms\/"},"modified":"2023-03-13T00:00:00","modified_gmt":"2023-03-13T00:00:00","slug":"amazon-to-triple-warehouse-space-in-egypt-this-year-plus-expat-plans-to-invest-usd-400-mn-in-local-healthcare-firms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/amazon-to-triple-warehouse-space-in-egypt-this-year-plus-expat-plans-to-invest-usd-400-mn-in-local-healthcare-firms\/","title":{"rendered":"Amazon to triple warehouse space in Egypt this year. PLUS: Expat plans to invest USD 400 mn in local healthcare firms"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ECOMMERCE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Amazon will triple the storage capacity of its fulfillment centers nationwide to <\/span><span style=\"font-weight:700\">nearly 100k cubic meters in 2023<\/span><span>, the e-commerce giant said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/Egypt-2023-Expansion-Roadmap-Press-Release_final_EN-.docx.pdf\" style=\"\">a statement (<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/Egypt-2023-Expansion-Roadmap-Press-Release_final_EN-.docx.pdf\" style=\"\">pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/Egypt-2023-Expansion-Roadmap-Press-Release_final_EN-.docx.pdf\" style=\"\">)<\/a><\/span><span> yesterday<\/span><span style=\"font-weight:400;\">. The company is also investing to beef up its delivery network and partner with more delivery firms, the release reads. The Amazon network here currently includes its flagship fulfillment center in the Tenth of Ramadan and 22 delivery stations across key cities.<\/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>Amazon Egypt General Manager Omar Elsahy told us why he thinks tech and the digitization of local manufacturing and SMEs growth is key to boosting FDI and exports in our <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/05\/amazons-omar-el-sahy-on-why-we-should-focus-on-agriculture-clothing-to-boost-local-manufacturing-90238\/\" style=\"\">recent CEO poll<\/a><\/span><span>. <\/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;\">INVESTMENT-<\/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\">Egyptian expat to invest up to USD 400 mn in local healthcare firms: <\/span><span style=\"\">Rick <\/span><span>Menassa (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/in\/rickmenassa\/\" style=\"\">LinkedIn<\/a><\/span><span>) \u2014 the CEO of Toronto-based firms <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.healthespresso.com\/\" style=\"\">Health Espresso<\/a><\/span><span> & <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.icarehomehealth.ca\/\" style=\"\">iCare Home Health<\/a><\/span><span> \u2014 plans to invest USD 300-400 mn in the local health sector along with undisclosed investors from Saudi Arabia, Manessa told the Emigration Ministry in an interview (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=dsyLz_w0Dgc\" style=\"\">watch, runtime: 5:03<\/a><\/span><span style=\"font-weight:400;\">). Further information about the potential investment wasn\u2019t disclosed. <\/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\">Attracting more FDI from expats: <\/span><span>The interview is part of a video campaign launched by the ministry to try and encourage Egyptians abroad to invest in Egypt dubbed \u201cEgyptian investors abroad answer: Why do we invest in Egypt?\u201d according to a ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/426FstP\" style=\"\">statement<\/a><\/span><span>. The government has launched several initiatives in recent months meant to drum up USDs from Egyptians abroad amid the ongoing FX shortage, including its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/01\/mps-approve-changes-to-expat-car-import-scheme-98276\/\" style=\"\">expat car import scheme<\/a><\/span><span>.  <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The e-commerce giant will also expand its delivery network.<\/p>\n","protected":false},"author":1,"featured_media":582620,"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":[111,318,199,6744,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-amazon","tag-e-commerce","tag-emigration-ministry","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"818ee036-5043-47d4-a311-7d11147e0d6a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/Amazon-Egypt-1600px.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[582596],"teaser":"The e-commerce giant will also expand its delivery network.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.d91275dc-bccf-439c-a8c2-aaf58a6cd214.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>Amazon to triple warehouse space in Egypt this year. 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Amazon is having trouble attracting luxury brands to its gargantuan inventory because they\u2019re afraid hosting their products on the e-commerce platform would dilute their value, the WSJ says (paywall). The retailer is viewed as too lenient with its authenticity assurance and policing measures. Swatch, for\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":573638,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/12\/is-amazon-planning-a-p2p-delivery-program-for-egypt\/","url_meta":{"origin":582619,"position":2},"title":"Is Amazon planning a P2P delivery program for Egypt?","author":"enterpriseam admin","date":"12 August 2020","format":false,"excerpt":"Is Amazon planning a P2P delivery program for Egypt? E-commerce giant Amazon could launch a program to use private cars in Egypt to transport light goods, Amazon-owned Souq\u2019s CEO Omar Al Sahi told General Authority for Investment Chairman Mohamed Abdel Wahab in a meeting yesterday, according to a statement carried\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":557003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/amazon-eg-is-officially-a-thing-now\/","url_meta":{"origin":582619,"position":3},"title":"Amazon.eg is officially a thing now","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"Amazon.eg today replaced Souq.com as Amazon\u2019s selling platform in Egypt, according to a statement (pdf) from the e-commerce giant.So long, Souq: The rebrand means that Amazon has now retired the Souq.com brand everywhere. 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