Supply chain

Qara, a startup focused on supply chain technology in the MEA region, has successfully raised $2.6 million through a funding round spearheaded by strategic investors. This capital injection is set to enhance Qara's innovative digital ecosystem, which facilitates product authentication, connects various supply chain participants, and employs AI for informed decision-making. The funding will also aid Qara's expansion into Saudi...

Egyptian startup Qara has raised $2.6 million to expand its supply chain technology into Saudi Arabia, marking a significant step in its regional growth. Qara offers a digital platform that ensures product authentication and traceability throughout the supply chain, enhancing connectivity and providing data insights for businesses. Since its launch, Qara has collaborated with over 35 manufacturers, verifying more than...

Qara, a startup specializing in supply chain technology, has successfully raised $2.6 million in funding, led by key investors. This investment will support Qara's expansion into the Kingdom of Saudi Arabia (KSA), facilitated by the National Technology Development Program’s Relocate Initiative, which provides incentives and support for integration into KSA's tech sector. Qara offers a comprehensive digital platform that allows...

ewpartners, a pioneering international investment firm, has announced a substantial USD $50 million investment in Leshines, Lenovo's supply chain solutions provider, during the Future Investment Initiative (FII). This move aims to enhance local industrial growth and strengthen Saudi Arabia's position in global trade networks. Leshines, known for its innovative supply chain solutions, ranks among the top ten on Gartner's prestigious...

ewpartners, previously known as eWTP Arabia Capital, announced a significant $50 million investment in Leshines, Lenovo's supply chain solutions division, at the renowned Future Investment Initiative (FII) in Riyadh. This initiative highlights Saudi Arabia's strengthening position in global trade and supply chain networks. This investment aims to localize Leshines' capabilities in Saudi Arabia, aligning with the Kingdom's Vision 2030. It...

In a significant move to enhance Saudi Arabia's involvement in global supply chains, ewpartners, previously known as eWTP Arabia Capital, has announced a $50-million investment in Lenovo Group's supply chain division, Leshines. This announcement was made during the Future Investment Initiative conference in Riyadh, a prominent event that promotes transformative investments and international partnerships. ewpartners, supported by Saudi Arabia's sovereign...

Three organizations have collaborated to launch a significant supply chain financing initiative for Aramco's suppliers. Aramco, Taulia, and the Saudi Industrial Development Fund (SIDF) have signed agreements to establish this program, which is considered one of the largest globally. Ziad T. Al-Murshed, Aramco's CFO, emphasized the benefits of this FinTech solution, stating it offers suppliers a unique and competitive financing...

Nabt, a Saudi agritech startup, has secured USD 1.5 million in a seed funding round led by Merak Capital. This investment will help Nabt accelerate its product development and expand its market influence, aiming to transform Saudi Arabia’s fresh produce landscape. Merak Capital, known for backing technology-driven sectors such as sustainable agriculture, sees this funding as a crucial step towards...

Agility, a prominent force in supply chain services, has unveiled plans for the final expansion phase at its Agility Logistics Parks (ALP) in Riyadh. This project involves a significant investment of SR250 million ($66.6 million), adding 100,000 square meters of top-tier warehousing space. By completion, the park will span a total of 551,368 square meters. The initial phase is slated...

The Special Integrated Logistics Zone Company (SILZ) is advancing Saudi Arabia's logistics landscape with the launch of "Riyadh Integrated," the nation's first special logistics zone. This initiative, covering 3 million square meters, was introduced by Saudi Arabia’s General Authority for Civil Aviation in 2022. During the Global Logistics Forum in Riyadh, SILZ signed three significant memoranda of understanding (MoUs) aimed...