Reitar Logtech partners with NEXX for Qatar fulfillment center

Reitar Logtech Holdings Limited (NASDAQ: RITR) announced it signed a strategic cooperation memorandum of understanding with AI logistics company NEXX to establish a smart e-commerce fulfillment center in Qatar.

The initial project will cover 5,000 square meters at Milaha Logistics City in Doha and is scheduled to begin full operations in the fourth quarter of 2025. Reitar will invest in automation systems and equipment through its subsidiary KAMUI Logistics Automation System Limited, while Solomon Capital Fund under Solowin Holdings (NASDAQ: SWIN) will co-invest in the project.

The facility will feature automated sorting robots, pharmaceutical logistics certification, and an AI management system. Technical specifications include 6,744 storage locations with 16-meter height capacity, 50 sorting robots processing 2,400 items per hour, and 26 autonomous mobile robots for picking operations.

The center will serve cross-border business-to-consumer e-commerce with partners including delivery company iMile, logistics enterprise KEC, and cross-border e-commerce logistics provider Zipto Supply Chain.

According to the companies, the Gulf Cooperation Council logistics market is projected to reach $171 billion by 2033 with a 5.1% compound annual growth rate. The project aligns with Qatar's 2030 National Vision for economic diversification.

"This collaboration is a key step in Reitar's global strategy," said John Chan, chairman and CEO of Reitar Logtech. "By uniting NEXX's AI technology, Milaha's infrastructure, and top logistics partners, we are not only creating a benchmark for smart logistics but also opening new opportunities in the Middle Eastern market."

The companies plan expansion phases through 2029, targeting the Middle East, Southeast Asia, Europe, and Latin American markets. They also intend to explore establishing a logistics digitalization fund in Qatar.

The information is based on a press release statement from the companies.

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