Quiqup, a UAE-based e-commerce logistics provider, has expanded its fulfilment and delivery services into Saudi Arabia. This marks a significant milestone in its regional growth strategy. The move is supported by the Mohammed Bin Rashid Innovation Fund (MBRIF), which has been key to Quiqup’s success in recent years.
Supporting Growth Through Regional Integration
Quiqup, founded in 2017, offers a range of logistics services, including storage, sorting, packaging, and last-mile delivery. The company targets small and medium-sized enterprises (SMEs), helping them scale their operations in the competitive e-commerce market.
The decision to enter Saudi Arabia was driven by rising demand for efficient logistics solutions. Bassel El Koussa, CEO of Quiqup, said, “With the growing need for cross-border logistics, we are excited to expand our services to neighbouring markets. The GCC’s e-commerce ecosystem is interconnected, so improving efficiency in one market boosts performance across the region.”
Strategic Support from MBRIF Drives Expansion
MBRIF has played a major role in Quiqup’s rapid growth. The company has doubled its business in the past two years, thanks in part to MBRIF’s Guarantee Scheme loan programme. Additionally, Quiqup’s customer base grew by 77% year-on-year from 2023 to 2024.
Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the Ministry of Finance, praised Quiqup’s success. “The company’s journey shows how strategic support, innovation, and market expertise can drive business growth,” she said. “At MBRIF, we focus on helping innovative companies that contribute to economic growth.”
Strengthening the GCC’s E-Commerce Infrastructure
Quiqup’s expansion into Saudi Arabia strengthens the region’s logistics infrastructure. The growing demand for integrated logistics services is crucial for businesses aiming to reach customers efficiently. By expanding into Saudi Arabia, Quiqup is positioning itself to support e-commerce businesses in both countries and contribute to regional economic growth.
