Emirate’s on-demand petroleum product supplier, CAFU signed a memorandum of understanding (MOU) with the Egyptian General Petroleum Corporation (EGPC) on the sidelines of the Egypt Petroleum Show (EGYPS 2020) to provide fuel delivery service under the regulation and safety standards, according to a press release.
Speaking about the agreement, His Excellency Tarek El Molla, Minister of Petroleum and Mineral Resources, said, “Egypt has become a hotbed for innovative tech startups like CAFU eager to participate in the country’s thriving economy that features one of the largest and youngest populations in the region. The oil and gas sector remains strategically important for the country and is ripe for disruption. CAFU promises to bring new technology and know how to the market that will positively impact the industry and its consumers, especially those who are living in densely populated areas.”
For his part, Rashid Al Ghurair, Founder and CEO of CAFU said, “CAFU is on a mission to transform how consumers fuel their vehicles by digitalizing their customer experience. Today we are honoured to announce that the Ministry of Petroleum and EGPC are welcoming us to operate in Egypt, which is a milestone for us in our global expansion. We are confident that our homegrown technology, combined with our growing fleet of safety-tested and certified trucks will deliver a one-of-a-kind convenience for our customers in Egypt.”
CAFU was launched in the United Arab of Emirates (UAE) in 2018, and offers its service through a mobile application anytime and anywhere.