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Foras has acquired a 10% stake in the startup Canater for $1 million, reflecting strong confidence in the tech sector. Canater specializes in innovative supply chain and logistics solutions aimed at helping MENA manufacturers expand into global markets, particularly in the consumer-packaged goods sector. With this investment, Canater plans to enhance its services and digital platform, positioning itself as a key partner for regional manufacturers navigating international markets.
Foras has acquired a 10% stake in supply chain startup Canater for USD 1M, aiming to support MENA manufacturers in entering global markets. Canater plans to enhance its digital logistics services and strengthen ties with regulators to streamline exports, focusing on the USD 11 trillion global consumer-packaged goods sector.
Foras has acquired a 10% stake in the startup Canater for $1 million, aiming to enhance AI-driven logistics in the MENA region. Canater provides innovative solutions for manufacturers to navigate international contracts and supply chains, focusing on the consumer-packaged goods sector. This investment is expected to empower regional companies to expand globally while streamlining export processes.
Khamis Soliman
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
foras invests one million in canater to enhance global market access
15:30 05.05.2025
Foras invests in Canater to enhance MENA supply chain technology
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