{"id":624345,"date":"2018-09-05T04:01:39","date_gmt":"2018-09-05T04:01:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/otmt-plans-to-launch-logistics-financial-services-food-business\/"},"modified":"2018-09-05T04:01:39","modified_gmt":"2018-09-05T04:01:39","slug":"otmt-plans-to-launch-logistics-financial-services-food-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/otmt-plans-to-launch-logistics-financial-services-food-business\/","title":{"rendered":"OTMT plans to launch logistics, financial services, food business"},"content":{"rendered":"<p>OTMT is planning to launch a logistics project that would include operating 2,000 trucks to transport goods in its first phase, CEO <u><a href=\"http:\/\/almalnews.com\/Story\/388216\/11\/%D8%AA%D8%A7%D9%85%D8%B1-%D9%85%D9%87%D8%AF%D9%89-%C2%AB%D8%A3%D9%88%D8%B1%D8%A7%D8%B3%D9%83%D9%88%D9%85-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9%C2%BB-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A7%D8%AE%D8%AA%D8%B1%D8%A7%D9%82-%D8%A3%D9%86%D8%B4%D8%B7%D8%A9-%D8%A7%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%89-%D9%88%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%B0%D8%A7%D8%A6%D9%8A%D8%A9\">Tamer El Mahdi tells Al Mal<\/a><\/u>. El Mahdi did not disclose details on the investment value of the project, which is set to be implemented in 2H2019. OTMT is also looking to invest in the food and beverages industry by setting up its own factory or acquiring one or several companies in the sector, and is also eyeing breaking into the real estate development industry with new projects in touristic areas. The new investments come as the company looks to diversify its ventures outside of its traditional focus on the telecoms sector, according to El Mahdi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OTMT is planning to launch a logistics project that would include operating 2,000 trucks to transport goods in its first phase, CEO Tamer El Mahdi tells Al Mal. El Mahdi did not disclose details on the investment value of the project, which is set to be implemented in 2H2019. OTMT is also looking to invest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624345","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"c999a0a7-fcc6-4db6-b1f0-20fe94eacd77","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"OTMT plans to launch logistics, financial services, food business","related_issue":[624308],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.16124490-2acd-4af6-9cb1-c1116215d4d7.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>OTMT plans to launch logistics, financial services, food business - 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\/2018\/09\/05\/otmt-plans-to-launch-logistics-financial-services-food-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OTMT plans to launch logistics, financial services, food business\" \/>\n<meta property=\"og:description\" content=\"OTMT is planning to launch a logistics project that would include operating 2,000 trucks to transport goods in its first phase, CEO Tamer El Mahdi tells Al Mal. El Mahdi did not disclose details on the investment value of the project, which is set to be implemented in 2H2019. 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OTMT will help develop and run the sound and light show, in partnership with Prism Entertainment,\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639504,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/30\/otmt-to-complete-development-of-giza-plateau-by-end-of-2018\/","url_meta":{"origin":624345,"position":1},"title":"OTMT to complete development of Giza plateau by end of 2018","author":"enterpriseam admin","date":"30 October 2017","format":false,"excerpt":"Orascom Telecom Media and Technology Holding (OTMT) is expected to complete development works at the Giza plateau with the Sound and Light Cinema Company (SLCC) by the end of 2018, Holding Company for Tourism, Hotels, & Cinema Chairman Mervat Hataba says, Al Mal reports. OTMT had boughtCity Stars Properties out\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650123,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/","url_meta":{"origin":624345,"position":2},"title":"EFSA exempts OTMT Acquisition, Americana Group from presenting mandatory tender offers on their acquisitions","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has exempted OTMT Acquisition from the requirement to launch a mandatory tender offer to acquire 51.66% of the shares of OTMT in the context of the demerger of Orascom Telecom executed in February 2012. 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