Kuwait's Agility to invest $100m in Shipa.com

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Source: The National

Agility, one of the largest logistics firms in the region, will invest $100 million in a digital logistics platform that allows small businesses and entrepreneurs to manage their freight and deliveries online.

Shipa.com will host three targeted segments: e-commerce, delivery and freight, Agility said in a statement on Monday.

"Small businesses often lack access to the logistics resources, tools and solutions that larger businesses have," said Agility chairwoman Henadi Al Saleh.

Kuwait-based Agility plans to invest at least $2 billion into its business by 2020, including technology. The new platform's e-commerce segment will offer delivery and returns for consumers and SMEs across the GCC, with "additional reach" into the EU and Africa.

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