Serving around 11 Million vehicles across Egypt, Watanya is one of Egypt's biggest petroleum stations IPO procedures will start by tomorrow morning, according to a statement earlier this week from the Egyptian Cabinet.
The Egyptian vehicles market and Egypt's large land plot is a catalyst for this buisness, with around 11 million vehicles, and about 50% of these vehicles are for passenger cars; according to a report published by CAPMAS, total licensed cars by its different types reached 10.8 million vehicles، 5.2 million passenger cars (48%), 1.3 million lorry and trailers (12.83%), 3.8 million vehicles under other vehicles which count as follow (92.4% motorcycle, 7.1% tuk-tuk, 0.04% tractors, 0.01% heavy equipment) which in total represent 36.1% of the total vehicles.
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