Austria’s Quivo secures €5.2 million to expand its streamlined e-commerce logistics to the Gulf Region

Austrian logistics scale-up Quivo has secured a €5.2 million investment from Qatar’s leading logistics provider, GWC, to expand its streamlined e-commerce fulfillment services into the Gulf region. This strategic move highlights the growing trend of European logistics companies enhancing their cross-border capabilities to capitalize on the rapidly expanding digital commerce market in the Middle East. The partnership signals a crucial step towards facilitating international brands' access to a market with a high concentration of digitally savvy consumers. The investment will fund Quivo's expansion into Qatar, the United Arab Emirates, and Saudi Arabia, leveraging GWC's regional infrastructure. Quivo, which offers integrations with over 40 shop systems, currently operates six warehouses across Europe and the US, and will integrate its fulfillment technology within GWC's network. The collaboration will establish a tri-hub network across the Gulf, crucial given the region's projected e-commerce market size of $47 billion by 2029. This partnership has significant implications for both companies and the broader e-commerce landscape. Quivo gains access to a dynamic market and regional infrastructure, while GWC enhances its logistics portfolio with crucial e-commerce capabilities. This hybrid model positions Quivo between European tech-driven innovators and established regional providers, showcasing the importance of cross-market partnerships in the e-commerce fulfillment space. The collaboration is a step in the growth of both European and Gulf e-commerce. This integration will allow both companies to scale between Europe, the US, and the Gulf.