Quivo and GWC launch strategic partnership for e-commerce fulfillment in the Gulf States

The European technology and logistics scale-up Quivo is entering into a strategic partnership with GWC, the leading logistics service provider in the Middle East and North Africa. The aim of the cooperation is to meet the growing demand for professional e-commerce fulfillment in the Gulf States.

The partnership is sealed by an investment of 5.2 million euros by GWC and marks the beginning of a joint expansion into the markets of Qatar, the United Arab Emirates (UAE) and Saudi Arabia.

First location already active

The first GWC warehouse in Qatar is already working with Quivo's fulfillment software. Further locations in Dubai and Saudi Arabia are to follow in the coming months.

In GWC, we have found the ideal partner to bring our fulfillment expertise to one of the most dynamic regions in the world

Georg Weiß, Co-Founder and CEO Quivo.

His co-founder Christoph Glatzl adds:"Together, we are creating an infrastructure that makes it easier for international brands to enter the Gulf States market and enables seamless expansion within the GCC region."

A market with enormous growth potential

The e-commerce market in the Gulf States is one of the fastest growing in the world. According to the Seamless GCC Market Report 2024, the market volume is set to almost double to around 47 billion US dollars by 2029. In Saudi Arabia, the market will grow from the current USD 10 billion to USD 23 billion, in the UAE from USD 12.3 billion to USD 17.2 billion, and in Qatar from USD 1.8 billion to USD 3.5 billion.

With Internet penetration of over 99 percent and a young, digitally oriented population, the Gulf states offer ideal conditions for the expansion of professional fulfillment services.

Win-win for both partners and their customers

Quivo is contributing its software and process expertise in e-commerce fulfillment to the partnership. The company already operates six logistics centers in Austria, Germany, France, the UK and the USA. Companies such as pet tracker manufacturer Tractive use Quivo to successfully scale their business across continents.

E-commerce is one of the fastest growing industries in the GCC region.

Matthew Kearns, Acting Group CEO of GWC

GWC contributes its regional market knowledge and logistics infrastructure and opens the doors to the MENA region for Quivo."E-commerce is one of the fastest growing industries in the GCC region," says Matthew Kearns, Acting Group CEO of GWC."With Quivo, we offer our customers a fully integrated fulfillment solution - from warehousing to fulfillment to delivery."

For Quivo, the cooperation means access to a new growth market as well as fresh capital for the further development of its products. GWC in turn gains stronger access to the European market and expands its portfolio to include a highly sought-after service area.