هذه المقالة متاحة أيضًا بـ العربية (Arabic)
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Foras invests $1 million to acquire a 10% stake in Canater.
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The partnership will help Canater expand into new sectors and enhance its digital platform.
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Canater offers integrated storage, logistics, and trade connectivity solutions powered by AI.
Foras, a company specialized in investment and innovation, has announced its acquisition of a 10% equity stake in Canater, an emerging startup providing innovative supply chain and logistics solutions. The acquisition was made in exchange for a $1 million investment, signaling Foras’ growing interest in high-impact tech ventures in the MENA region.
“We believe in Canater’s ability to drive a radical transformation in how manufacturers across the region expand into global markets.”
— Mohamed Aboulnaga Nagati, CEO of Foras
On the other hand, Khamis Suleiman (Kash), Founder of Canater, expressed his optimism about the deal, saying:
“This investment represents a major turning point for us. With Foras’ support, we’ll be able to accelerate our growth and strengthen our tech capabilities to offer more innovative solutions to our clients. Our goal is to become the preferred partner for manufacturers in the region seeking to scale globally.”
How Will Canater Utilize the Investment?
Canater plans to use the investment to:
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Strengthen its market presence across the region.
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Expand its service portfolio to include multiple industry sectors.
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Enhance its digital platform to provide clients with a seamless and comprehensive experience.
Additionally, Canater aims to collaborate more closely with government and regulatory bodies across different countries, making it easier for manufacturers to export goods and access new markets.
About Canater
Canater provides a fully integrated suite of services to manufacturers, including:
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Storage and warehousing solutions.
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Logistics and transportation services.
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Trade finance support.
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Cross-border trade enablement using Artificial Intelligence (AI).
Its advanced digital platform allows manufacturers to track shipments accurately from the point of origin to the destination, delivering end-to-end visibility and reliability.
