00:00 The last step was the approval of the UN General Assembly for the deal.
00:06 We expect to finish all the legal steps by the end of the year, God willing,
00:12 and to get a comprehensive result by 2023, including both companies.
00:18 The expansion plan for this entity, whether inside or outside Egypt,
00:24 will have greater resources and broader operational operations.
00:32 Today, this combination of the IG Trans and NOSCO capabilities
00:41 creates a very strong fleet and a great variety of services.
00:49 This will allow us to not only have a leading position in the Egyptian market,
00:55 but also to look at the existing opportunities,
00:59 especially in infrastructure projects in the GCC region, and Africa.
01:11 Are there specific countries in the Gulf that you are targeting to expand?
01:15 We are looking at more than one country at the moment,
01:19 but the most important thing for us this year and next year
01:25 is that we will be able to meet as a strong entity
01:31 that is able to take this step steadily.
01:38 The results of the joint work will be announced to the two companies.
01:42 Do you expect to see an increase in the profit margin for the company or the revenues
01:47 after the two companies have merged?
01:50 After the merger, we expect that our results will exceed
01:57 the normal growth rate in the transportation and logistics market,
02:06 which is estimated at about 9%.
