KSA Business: Bosta unveils big Mideast plans with new Riyadh office – Gulf Digital News

KSA Business: Bosta unveils big Mideast plans with new Riyadh office – Gulf Digital News

Leading logistics company Bosta has announced the opening of its first office in Riyadh, signaling the official launch of its business in Saudi Arabia. This comes as part of Bosta’s plan to spread its wings across the Middle East after its recent launch in Egypt.

It is in line with the Saudi Vision 2030 initiatives to support the local economy through various strategic programmes aimed at business owners and entrepreneurs, said the company in a statement. 

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, it added.

CEO Mohamed Ezzat said the opening of the new office in Saudi Arabia is part of Bosta’s regional expansion strategy and is planning another launch in the region by year-end. 

"Our office in Riyadh is Bosta’s first venture in the Arab region, continuing our success that started in Egypt in 2017 that managed to deliver 10 million shipments since our introduction in the market," he added. 

Chief Growth Officer Omar Yaghmour said: "Saudi Arabia marks the first step of Bosta's expansion to