Karim Shams, Founder and CEO of Maqtoura, revealed that the company is focusing its operational trips on the Libyan market for transporting building and construction materials. Meanwhile, the larger portion of its fleet is dedicated to Sudan to deliver humanitarian aid and relief supplies. This move reflects the company's balanced strategy between commercial growth and humanitarian services.
Shams also mentioned that the startup's ownership structure is equally split between Egyptian and Saudi investors, including Khaled Abaza, owner and Chairman of Abaza for Primary Manufacturing. He explained that the company successfully closed a funding round worth $1.25 million, led by a group of angel investors, to support its operational expansions and develop its technological infrastructure.
Innovative Business Model
Maqtoura specializes in providing B2B solutions in the transport sector. It acts as a technological logistics link between institutions and contractors who specialize in supplying trailers and heavy trucks. The company began its initial operations and market suitability tests last year. Currently, its client portfolio includes about 25 major companies, with plans to increase that number to 60 by the last quarter of 2026.
Shams confirmed that the company aims to achieve revenues of EGP 120 million by the end of this year, with plans to raise it to EGP 300 million by the end of 2027, and reach EGP 1 billion by 2030. This ambitious growth is driven by an expansion strategy that includes penetrating GCC markets and maximizing its share in the cross-border logistics sector.
He also pointed out that the nature of the 'smart transport' sector requires significant funding that often exceeds the capabilities of most current business accelerators, whose investment ceilings typically don't go beyond $200,000. This amount is often insufficient for sustaining operations or achieving the desired expansion.
Clients and Strategic Partners
Maqtoura has attracted clients from diverse sectors, including food and beverages and automotive. These include the Ghabbour Group and Mansour Chevrolet, in addition to major exporters of consumer goods like Kraft Heinz and IFFCO. This move highlights the diversity of its client portfolio and the company's ability to meet various market needs.
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