Manama, Bahrain – 21 February 2025: Parcel, a Hope Ventures portfolio company, is excited
to announce its expansion into Riyadh, Saudi Arabia. This milestone marks a major
achievement for the company, which has revolutionized delivery services for over 3,000
businesses in Bahrain and completed more than 1.5 million deliveries for small businesses
and restaurants.
Parcel offers businesses a smart alternative to hiring full-time drivers or managing delivery
fleets. Through its digital platform, Parcel connects businesses to a network of reliable on-
demand drivers, providing a more cost-effective and efficient solution than traditional delivery
methods.
Ali Dhaif, Chief Executive Officer of Parcel, said: “Our mission has always been to empower
businesses with simple, tech-driven solutions. By entering Riyadh, we’re taking the first step in
sharing our vision with the region, providing businesses with the tools to streamline their
operations, reduce overheads, and enhance customer satisfaction.”
He further added: “Through parcel, businesses can access an extensive network of driver on-
demand avoiding the need to hire and manage their own fleets. It is an easy-to-use platform that
is tailored to support businesses of all sizes in their growth journey.
Fajer Alpachachi, General Manager of Hope Ventures, said: “I’m thrilled about Parcel’s entry
into the KSA market. The company has demonstrated remarkable growth and traction since our
initial investment, which is a testament to the founders’ exceptional capabilities and the strong
strategic support they have received from their shareholders. This investment highlights Hope’s
pivotal role in accelerating business expansion into new markets, fostering regional success
stories.”
Since its launch, Parcel has been instrumental in supporting Bahrain’s local businesses by
simplifying their delivery operations, helping them grow, and saving costs. The platform’s
success in completing over 1.5 million deliveries highlights its reliability and the strong demand
for its tech-driven logistics solutions.
Parcel’s expansion to Riyadh reflects Bahrain’s vision of exporting successful ventures and
Bahraini talent to regional markets. With strong government support, advanced infrastructure,
and a thriving entrepreneurial environment, Bahrain has become a hub for Startups expanding
across the region. Parcel is proud to showcase Bahrain’s competitiveness on this journey.
