Foras Invests $1 Million in AI-Powered Logistics Startup Canater for 10% Stake 

Founded in 2024 by Khamis Soliman (Kash), Canater offers AI-powered solutions that help manufacturers in the MENA region expand into global markets. The startup’s platform delivers end-to-end cross-border trade services, including:

• Digital contract management

• Export financing

• Storage and logistics

• Real-time shipment tracking

• AI-powered trade matching

Initially focused on the consumer-packaged goods (CPG) sector—including food, cosmetics, personal care, and cleaning products—Canater aims to simplify global trade for regional manufacturers traditionally underrepresented in international markets.

Backed by Strategic Capital

Foras’ investment reflects a strong vote of confidence in Canater’s vision and its role in digitising a historically complex industry. “We believe in Canater’s ability to bring about a transformative shift in how manufacturers in the region expand into global markets,” said Mohamed Aboulnaga Nagaty, CEO of Foras. “Our investment reflects our confidence in its leadership team and their ambition to make local companies globally competitive.”

Canater will use the funding to enhance its digital infrastructure, grow its presence across more sectors, and deepen collaboration with regulatory bodies to streamline international trade compliance. “This investment marks a significant leap for us,” added Khamis Soliman (Kash), founder of Canater. “With Foras’ support, we can fast-track our growth and deliver more innovative, export-focused solutions to our clients.”

Looking Ahead

With global CPG trade valued at over $11 trillion, Canater is positioning itself as a gateway for MENA-based manufacturers to access high-growth international markets. The company’s next steps include expanding into other verticals, strengthening its government partnerships, and solidifying its place as a key player in the digital transformation of trade logistics.

This investment underscores a broader trend: tech-driven regional startups like Canater are rapidly redefining legacy industries—positioning MENA as a rising hub for supply chain innovation and AI-driven commerce.