UAE Logistics Firm Quiqup Launches Operations in Saudi Arabia
Backed by the Mohammed bin Rashid Innovation Fund, the Dubai e-commerce logistics provider crossed into the Kingdom with fulfilment and last-mile delivery, targeting profitability by Q4 2025.
In April 2025, UAE-based e-commerce logistics provider Quiqup launched its core fulfilment and last-mile delivery services in Saudi Arabia, extending across borders with strategic backing from the Mohammed bin Rashid Innovation Fund (MBRIF). The launch followed an AED 5m (about $1.4m) MBRIF-backed round in late 2024.
Quiqup said it had doubled its business over two years and grown its customer base 77% year-on-year between 2023 and 2024, and that it remained on track for profitability by the fourth quarter of 2025 as it scaled into the Kingdom's fast-growing e-commerce market.