Monsha’at signs MoU with Shipsy to digitize Saudi’s supply chain & logistics industry

Monsha’at signs MoU with Shipsy to digitize Saudi’s supply chain & logistics industry

Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia , has signed a Memorandum of Understanding (MoU) at the sideline of Biban 23 Forum, with Shipsy, a leading global SaaS-based logistics management platform provider, to support Saudi Vision 2030.

Under the MoU, Shipsy would offer its technology at a significant concession for all customers channeled through Monsha’at. The leading logistics SaaS provider also earmarked an investment worth $10 million over 5 years in the region to drive technology innovation and research and development.

The Kingdom’s small and medium enterprises (SMEs) are most important in supporting the national economy. SMEs in KSA will increase exports, create new job opportunities for Saudi youth, diversify sources of income and expand the production base in line with the Saudi Vision 2030.

Soham Chokshi

CEO & Co-Founder, Shipsy “We are honored to partner with Monsha’at and thrilled to be a part of KSA’s Vision 2030. We are committed to drive technology inclusion in the Kingdom’s rapidly growing supply chain and logistics industry. Technologies like AI, automation, ML, IoT, Blockchain and data analytics will create numerous employment opportunities and unlock efficiencies that will help logistics stakeholders build sustainable, agile and cost-efficient logistics processes.”

Saudi Vision 2030