Bosta for logistic services raised a new investment to expand globally starting from KSA

Bosta for logistic services raised a new investment to expand globally starting from KSA

PHOTO

Riyadh, Kingdom of Saudi Arabia: Leading logistics company Bosta has just announced the opening of its first office in Riyadh, signaling the official launch of its business to provide its distinguished services to its customers in the Kingdom of Saudi Arabia. This move was made in line with the country’s Vision 2030 initiatives to support the local economy through various strategic programs aimed at business owners and entrepreneurs. The expansion is also part of Bosta’s plan to spread and offer its services across the Middle East after a very successful launch in Egypt.

The new expansion comes in parallel with Bosta’s great success in raising a new investment round (Pre-Series B) through regional and international investors led by Khwarizmi Ventures, along with other current investors in addition to Hassan Allam Holding.

“We are pleased to launch Bosta in Riyadh. We believe that this step will enable us to significantly expand our activities in a market that’s very important to us. The launch of our office in KSA is part of Bosta’s expansion plans across the Middle East this year, which will be followed by another launch in the region by the end of this year,” said Eng. Mohamed Ezzat, co-founder and CEO