Egyptian q-commerce leader Rabbit expands into Saudi Arabia, targets 20mn deliveries by 2026
The company said it aims to achieve a target of delivering 20 million items in major Saudi cities by 2026.
The company, which has established its regional headquarters in Riyadh, said its operations are up and running through a network of 'dark stores' – fulfillment centers – across key neighborhoods in the city.
Ahmad Yousry, Co-Founder and CEO of Rabbit, said the company is delighted to bring its bleeding-edge tech and experience to transform the grocery shopping experience for Saudi households.
'We're building Rabbit Saudi, for Saudis, by Saudi hands,' he said.
Rabbit said it stocks up top household staples, and doubles down on local customer favourites.
'Typically, over 60 per cent of suppliers are local, and the company's strategy will see KSA heroes empowered in the countrywide roll-out,' it said.
Rabbit said it is also delighted to have recently added blue-chip investors such as Lorax Capital Partners, Global Ventures, Raed Ventures and Beltone Venture Capital to their existing investors, namely Global Founders Capital, Goodwater Capital, Hub71, Simple Capital and Foundation Ventures.
The company said it has built a loyal customer base by combining AI-powered recommendations with the convenience of rapid delivery.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Dubai Eye
12 hours ago
- Dubai Eye
Air Canada cabin staff go on strike, grounding hundreds of flights
Air Canada's unionised flight attendants walked off the job early on Saturday morning after pay talks with the country's largest carrier stalled, in a move that is expected to disrupt travel plans for more than 100,000 passengers. The union representing more than 10,000 Air Canada flight attendants confirmed the 72-hour stoppage in a social media post just before 0100 ET (0500 GMT) in the first strike by flight attendants since 1985. The airline said on Saturday it had suspended all flights for Air Canada and its budget arm Air Canada Rouge, after cabin crew represented by the Canadian Union of Public Employees (CUPE) went on strike. "About 130,000 customers will be impacted each day that the strike continues," Air Canada said in a statement. "Air Canada is strongly advising affected customers not to go to the airport unless they have a confirmed ticket on an airline other than Air Canada or Air Canada Rouge," the airline said. Flights for regional operators Air Canada Jazz and PAL Airlines would continue to operate. Attendants are currently paid when the plane is moving and the union is seeking to also be compensated for time spent on the ground between flights and helping passengers board. Montreal-based Air Canada, which is expected to respond quickly by locking out the workers, had said it anticipated canceling 623 flights by the end of Friday during the busy summer travel season. It expected around 100,000 people would be affected on Friday alone. Flight attendants will on Saturday picket at major Canadian airports, where passengers were already trying to secure new bookings earlier in the week, as the carrier gradually wound down operations. Passenger Freddy Ramos, 24, said on Friday at Canada's largest airport in Toronto that his earlier flight was canceled due to the labor dispute and that he had been rebooked by Air Canada to a different destination. "Probably 10 minutes prior to boarding, our gate got changed and then it was canceled and then it was delayed and then it was canceled again," he said. Air Canada and Air Canada Rouge normally carry about 130,000 customers a day. Air Canada is also the busiest foreign carrier servicing the U.S. by number of scheduled flights. While the dispute has generated support from passengers for the flight attendants on social media, Canadian businesses reeling from a trade dispute with the United States urged the federal government to impose binding arbitration on both sides, which would end the strike. Air Canada has asked Prime Minister Mark Carney's minority Liberal government to order both sides into binding arbitration although CUPE, which represents the attendants, said it opposed the move. The Canada Labour Code gives Jobs Minister Patty Hajdu the right to ask the country's Industrial Relations Board to impose binding arbitration in the interests of protecting the economy. Hajdu has repeatedly urged the two sides, which are not bargaining, to return to the table. The union has said Air Canada offered to compensate flight attendants for some work that is now unpaid but only at 50% of their hourly rate. The carrier had offered a 38% increase in total compensation for flight attendants over four years, with a 25% raise in the first year, which the union said was insufficient. In a note to clients on Friday, analysts at financial services firm TD Cowen urged the carrier to "extend an olive branch to end the impasse," adding that investors are worried that any cost savings on labor are outweighed by lost earnings in the airline's most important quarter.
Zawya
14 hours ago
- Zawya
Vivienda Developments launches Jaen in West Cairo with EGP 900mln investments
Vivienda Developments, a subsidiary of AM Group, has announced the launch of its latest residential project, 'Jaen', in West Cairo. The development, located in the Green Belt area of Sheikh Zayed, spans 10 feddans or 42,000 sqm ,and comes with total investments of EGP 900 million. Positioned as a new milestone in Vivienda's portfolio, Jaen introduces an integrated urban and architectural concept that blends authenticity with modern design. The project is tailored for both homeowners and investors, offering distinctive architectural styles, efficient space utilization, and the company's signature commitment to premium finishing standards and on-time delivery. Strategically situated in Plot 8 – Green Belt – Sheikh Zayed, Jaen lies near the Cairo–Alexandria Desert Road, Dahshour Link, and the 26th of July Corridor. This prime location combines tranquility, privacy, and green landscapes with easy connectivity to Cairo's main roads and key destinations. According to Eng. Amr Basha, Chairman of Vivienda Developments, the company chose West Cairo after years of activity in New Cairo, driven by rising demand for more spacious and quieter areas such as Sheikh Zayed and the Green Belt, which have witnessed strong growth following major infrastructure upgrades. Jaen will feature a variety of unit types, including standalone villas, twin houses, and townhouses, starting from 230 sqm. Each home is designed with smart layouts that maximize interior spaces, while residents benefit from fully integrated services and amenities across the compound. To deliver on its vision, Vivienda has partnered with top industry names: YBA – Eng. Yasser El Beltagy as architectural and landscape consultant, Huawei and Protech as technology advisors, AMG as engineering consultant, El Hosany Engineering Consultants for architectural drawings, and Mohamed Fawzy, CEO of Protech Egypt & UAE, as technical consultant. Vivienda currently has a project portfolio in New Cairo valued at around EGP 400 million and is preparing to expand further in West Cairo with new developments in Sheikh Zayed, New October, and New Zayed. Additional mixed-use projects—residential, administrative, and commercial—are also in the pipeline for New Cairo. Since its establishment in 2007, Vivienda Developments has built a strong track record with successful projects in New Cairo's prime neighborhoods, including Andalus, El Banafseg, Investors, and Gardenia Heights. The company is widely recognized for its commitment to high-quality finishes, modern designs, and strict delivery schedules. The launch of Jaen marks a new chapter in Vivienda's growth strategy—delivering integrated communities that balance architectural beauty, innovation, and investment value in one of West Cairo's most promising locations.
Broadcast Pro
17 hours ago
- Broadcast Pro
NSG launches KSAs first Earth Observation Marketplace
Operated by UP42 the Earth Observation platform was launched to meet the growing demand for high-resolution satellite imagery and space analytics across key sectors. Neo Space Group (NSG) has announced the launch of the Earth Observation (EO) Marketplace, the Kingdoms first dedicated EO data marketplace, powered by UP42 a company fully owned by Neo Space Group (NSG). The platform is designed to meet the growing demand for advanced EO and geospatial data solutions. The group stated that the EO Marketplace will bring together a growing network of EO data providers and value-added service providers offering advanced geospatial analytics and data processing capabilities. The platform is built to empower public sector agencies, Saudi companies and international users by offering a wide range of high-resolution satellite imagery and EO data products. It aims to serve as a comprehensive and simplified one-stop shop to support solution developers and service providers and is fully equipped to meet the future needs of government entities within the Kingdom. The platform is also expected to drive the expansion of EO data availability across a range of applications in key sectors, including environment, infrastructure, energy, real estate, mining, transportation, logistics, agriculture and others. This launch aligns closely with the initiatives and goals of Saudi Vision 2030. The launch follows the completion of NSGs acquisition of UP42 GmbH from Airbus originally disclosed in December 2024. UP42 is a next-generation digital platform for EO that leverages cloud computing technology to provide leading solutions for accessing and analyzing Earth observation data. It enables seamless discovery, acquisition and management of EO data and large-scale image processing via unified formats, intuitive tools and fully automated workflows. The platform is designed to comply with the regulatory requirements of the Kingdom and is hosted on a secure and reliable infrastructure. Martijn Blanken, CEO of Neo Space Group, said: 'The launch of the EO Marketplace reflects the Kingdoms remarkable trajectory of growth and the increasing demand for EO data. Today, more than ever, EO data plays a pivotal role in supporting Saudi Arabias transformational Vision 2030 from infrastructure development and urban expansion to optimized resource management. Given the Kingdoms vast geography spanning over 2.15 million square kilometers, nearly the size of Western Europe this platform will serve as both a valuable marketplace and decision-making tool across a wide range of sectors.' Frank Salzgeber, Acting Deputy Governor for the Space Sector at the Communications, Space & Technology Commission (CST), commented: 'Value creation is shifting downstream in the EO supply chain where AI technologies intersect with space data. The market is now at a perfect inflection point. He added: Alongside enhancing national capabilities, the platform is expected to accelerate the adoption of space technologies in the Kingdom. It reflects our national priorities: fostering technological innovation, ensuring regulatory compliance, and building secure infrastructure.' Neo Space Group (NSG) also expressed its deep appreciation for the continuous guidance and support of the Communications, Space & Technology Commission (CST), which has played a vital role throughout this journey from licensing and enabling the platform to ensuring strategic alignment.
