Saudi Arabia-based digital freight network TruKKer has received a US$15 million private credit investment from Ruya Partners.

This funding was facilitated through Ruya’s flagship Ruya Private Capital I fund.

The investment aims to support TruKKer’s expansion and technology improvements. It marks the sixth investment from Ruya Partners’ flagship fund, which is now 90% deployed.

Founded in 2016, TruKKer operates a technology-enabled freight marketplace across nine countries. Its platform connects over 60,000 transporters with more than 1,200 enterprise clients.

It offers services for dispatching, scheduling, and capacity optimization.

In 2022, TruKKer raised US$100 million in a pre-IPO funding round led by Investcorp, a Bahraini investment firm.

🔗 Source: TruKKer

🧠 Food for thought

1️⃣ Digital transformation tackles Middle East’s logistics lag

TruKKer’s AI-enabled platform represents a critical solution for a region where the logistics sector has been notably slow to adopt digital technologies.

The GCC transport sector has been falling behind global competitors, with regional freight revenues declining by 5% between 2014 and 2016 amid low oil prices and reduced imports 1.

Industry analysts have identified that digital technologies could reduce operating costs by 10-30% and operational risks by 75% for regional logistics companies, creating significant competitive advantages 1.

TruKKer’s connection of 60,000+ transporters with 1,200+ enterprise clients addresses the historical fragmentation of the Middle East logistics market, where traditional analog processes have dominated despite the clear economic benefits of digitization.

This digital approach aligns with broader regional transformation priorities, as governments seek technology solutions to enhance logistics efficiency and reduce dependence on oil revenues.

2️⃣ Saudi Arabia’s massive logistics transformation creates fertile ground for freight-tech

TruKKer’s expansion comes amid unprecedented investment in Saudi Arabia’s logistics sector, with the Kingdom committing over $106.6 billion to logistics infrastructure development as part of its economic diversification strategy 2.