Quiququp, an electronic commerce logistics provider based in the EAU, has announced the successful launch of its basic compliance and delivery services in Saudi Arabia, marking an important milestone in its regional expansion.
The measure is supported by the strategic support of the Mohammed Bin Rashid Innovation Fund (MBRIF), which has played a fundamental role in helping Quique expand its operations and double their business in the last two years.
The expansion of the company occurs after its remarkable in the EUU electronic commerce ecosystem, and aligns with its strategy to offer composed logistics solutions to companies throughout the CCG.
Founded in the EAU in 2017, Quiqup provides comprehensive logistics services, focusing on small and medium enterprises (SME). The company offers storage, classification, packaging and delivery services.
Quiququp enters the Saudi market
Bassel el Koussa, CEO of Quique, said that the expansion to Saudi Arabia is a next natural step, driven by the evolutionary needs of the company’s clients.
“With the growing demand for cross -border logistics solutions without problems, we are proud to extend our services to neighboring markets,” he said.
The Koussa said the company considers that the GCC is a connected ecosystem of electronic commerce where operational efficiencies in a market improve general 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 program.
This strategic support allowed Quique to climb operations, double their business in two years and increase its customer base by 77 percent year -on -year between 2023 and 2024, the company said.
Fatima Yousif Alnaqbi, Undersecretary Interim Assistant for the Support Services sector in the Ministry of Finance, and the representative of the Ministry in MBRIF, said that supporting the success of high potential innovators who contribute to economic growth is one of the central objectives of the Mohammed Mohammed Bin Rashid Innovation Fund.
“Quiququ’s trip exemplifies how strategic support, combined with innovation and market experience, can boost the growth of a company and create a significant economic impact,” he said.
