15-04-2025
UAE's Quiqup expands e-commerce logistics services into Saudi Arabia
Quiqup, a UAE-based e-commerce logistics provider, has announced the successful launch of its core fulfilment and delivery services in Saudi Arabia, marking a major milestone in its regional expansion.
The move is backed by the strategic support of the Mohammed Bin Rashid Innovation Fund (MBRIF), which has played a pivotal role in helping Quiqup expand its operations and double its business in the past two years.
The company's expansion comes after its notable impact on the UAE's e-commerce ecosystem, and aligns with its strategy to offer integrated logistics solutions to businesses across the GCC.
Founded in the UAE in 2017, Quiqup provides comprehensive logistics services, focusing on small and medium-sized enterprises (SMEs). The company offers storage, sorting, packaging, and delivery services.
Quiqup enters Saudi market
Bassel El Koussa, CEO of Quiqup, said the expansion into Saudi Arabia is a natural next step, driven by the company's customers' evolving needs.
'With the increasing demand for seamless cross-border logistics solutions, we are proud to extend our services to neighboring markets,' he said.
El Koussa said the company sees the GCC as a connected e-commerce ecosystem where operational efficiencies in one market enhance the overall regional performance.
A key driver behind Quiqup's success has been the Mohammed Bin Rashid Innovation Fund (MBRIF), which supported the company through its Guarantee Scheme loan programme.
This strategic backing enabled Quiqup to scale operations, double its business in two years, and grow its customer base by 77 per cent year-on-year between 2023 and 2024, the company said.
Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the Ministry of Finance, and the Ministry's representative at MBRIF, said supporting the success of high-potential innovators who contribute to economic growth is one of the core objectives of the Mohammed Bin Rashid Innovation Fund.
'Quiqup's journey exemplifies how strategic support, combined with innovation and market expertise, can drive a company's growth and create a meaningful economic impact,' she said.
