This move by Quiqup is supported by the strategic backing of the Mohammed bin Rashid Innovation Fund (MBRIF). This support will help the company expand its operations and double its business volume over the past two years.
Founded in the UAE in 2017, Quiqup offers comprehensive logistics services focused on SMEs. The company provides warehousing, sorting, packaging, and delivery services. With this expansion into Saudi Arabia, commercial customers in the Kingdom will now have access to Quiqup’s reliable and efficient order fulfillment services.
“Our strong track record in the UAE forms a solid foundation for our operations in Saudi Arabia”
Fatima Yousif Alnaqbi, Assistant Undersecretary of the Support Services Sector at the UAE Ministry of Finance and MBRIF Ministry Representative, said the following on the matter: “Quiqup’s journey demonstrates how strategic support, when combined with innovation and market expertise, can support a company’s growth and create meaningful economic impact.”
Quiqup CEO Bassel El Koussa said, “Our expansion into Saudi Arabia was the natural next step in line with the evolving needs of our customers. In response to the increasing demand for seamless cross-border logistics solutions, we are proud to offer our services to neighboring markets. We view the GCC as a connected e-commerce ecosystem, where operational efficiency in one market boosts overall regional performance. Our strong track record in the UAE forms a solid foundation for our operations in Saudi Arabia.”
Quiqup doubled its business volume within two years
Thanks to MBRIF support, Quiqup scaled its operations and doubled its business volume within two years. It also grew its customer base by 77% annually between 2023 and 2024. Since 2021, the company has increased its number of customers 25-fold. Quiqup is on track to reach profitability in the fourth quarter of 2025. In 2024, Quiqup facilitated a trade volume of AED 580 million. Thus, it further solidified its role in strengthening the e-commerce supply chain. Quiqup also plans to expand into other markets within the GCC.
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