Roambee enters Southeast Asia IoT market
Saudia Cargo launches pharmaceutical cold storage facility at KAIA Saudia Cargo has recently inaugurated one of the region’s newest and most modern cold storage facilities of pharmaceuticals and medicines at King Abdulaziz International Airport (KAIA) to meet the surge in demand for highlysensitive and temperature-controlled shipments. The refrigerated warehouse was opened in conjunction with launching FlyPharma, an innovative product designed specifically to meet the growing demand for the pharmaceutical and life sciences sector. “The new facility boasts a 1,010 sq metres of pharmaceutical handling space with double operational capacity and conforms to the international standards of the World Health
Organization, the European Committee for Medicinal Products for Human Use as well as the local standards of the Saudi Food and Drug Authority,”said Omar Hariri, CEO, Saudia Cargo. The center ships and stores pharmaceuticals using the most advanced technologies along with sophisticated active temperature control containers, which require advanced passive solution technology, especially for products needing transportation between +2oC to + 8oC or +15oC to + 25oC. Saudia Cargo aims to open more similar facilities Kingdom-wide in line with its vision and is currently planning to launch an 800 sq metre specialist pharmaceutical handling facility in Riyadh offering FlyPharma services.
Almajdouie wins LSP of the year 2018 Almajdouie Logistics was recently awarded Frost & Sullivan’s KSA Logistics Services Provider of the Year for 2018. This is the third year in a row that Almajdouie has won this award.
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Roambee, the Internet of Things (IoT) supply chain and enterprise asset visibility company, recently announced it has received US$2 million in funding from MDI Ventures, Telkom Indonesia’s corporate venture capital firm. With this, Roambee is nearing the completion of US$10M in funding and rapid expansion across seven countries in just 14 months. MDI’s investment will be used to fuel Roambee’s entry into Indonesia and Southeast Asia’s booming logistics market. Roambee’s first customer in the region will include Telkom Indonesia, the largest telecommunication services company in Indonesia. “The opportunity in Indonesia is huge,”says Roambee CEO Sanjay Sharma. “It’s one of the largest in the world, with almost 24 per cent of the country’s GDP spent on logistics. With MDI’s investment, Roambee gains a significant advantage in quickly assuming a leadership position in driving the enterprise digital transformation of Indonesia across supply chain shipment and asset monitoring visibility.” Global investment dynamics are changing with Asian VC funds, such as those from MDI, outpacing US VC investments for the first time. Related, recent research shows that Indonesia’s logistics market is expected to reach USD $240 billion by 2021.