European tech and logistics company Quivo has announced a strategic partnership with GWC, a leading logistics company in the MENA region. The partnership, which includes a EUR 5.2 million investment from GWC, aims to address the growing demand for professional e-commerce fulfillment in the Gulf States.
The collaboration will see Quivo’s software and fulfillment expertise being utilized in GWC’s warehouses in Qatar, Dubai, and Saudi Arabia. This move marks the expansion of Quivo’s network to the Gulf Cooperation Council (GCC) markets, including Qatar, the United Arab Emirates (UAE), and Saudi Arabia.
“We are excited to partner with GWC and bring our fulfillment expertise to one of the most dynamic regions in the world,” says Georg Weiß, Co-Founder and CEO of Quivo. “This joint expansion will not only help international brands enter the Gulf States market, but also enable seamless expansion within the GCC, giving them access to millions of digitally savvy consumers.”
The e-commerce market in the Gulf States is projected to nearly double by 2029, reaching around USD 47 billion. With internet penetration exceeding 99 percent and a young, digitally oriented population, the GCC markets offer ideal conditions for expansion.
Through this partnership, customers of both companies will benefit from Quivo’s proven software and process expertise in e-commerce fulfillment and GWC’s extensive infrastructure and market knowledge. The collaboration will also provide customers with a fully integrated fulfillment solution, covering everything from storage and processing to delivery.
Matthew Kearns, Acting Group CEO of GWC, emphasizes the significance of this collaboration, stating, “E-commerce is one of the fastest-growing sectors in the GCC region. As the regional market leader, we are constantly expanding our offering. With Quivo at our side, we now provide customers with a comprehensive fulfillment solution.”
For Quivo, this partnership means access to a new growth market and fresh capital for further product development. GWC expands its portfolio with the highly demanded e-commerce fulfillment service and gains easier access to the European market. Customers of both companies will benefit from the seamless scaling of their products between Europe, the USA, and the Middle East.
For more information, please contact Rita Korunka of Reiter PR at +43 664 480 5971 or rita.korunka@reiterpr.com. Additional press images are available for download on the company website.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.