Truxapp projects $1bn in revenues by 2022

Truxapp boasts 20,000 trucks listed in the GCC.
Updated 10 January 2018

Truxapp projects $1bn in revenues by 2022

Truxapp, a technology-enabled trucking and logistics provider, which has been working since 2015, is rapidly establishing itself as a market leader in the road freight and trucking sector.
Truxapp has aggregated over 350,000 trucks and over 200 corporate clients as a group with revenue projections of $1 billion by 2022, with over 40 percent of the revenues coming from the GCC alone.
The group entered the UAE market in 2017 to deliver seamless solutions to the logistics industry as demand grows at an exponential rate.
Truxapp already boasts 20,000 trucks listed in the GCC and growing along with a steady list of blue chip clients across various sectors.
According to a report by a leading global strategy consulting company, Saudi Arabia and UAE are the largest logistics markets in the GCC, with an estimated size of $55 billion and $30 billion respectively.
In addition, the addressable road transportation opportunity size across the GCC is $24 billion, and this is where technology in transportation logistics is becoming increasingly relevant.
With its highly advanced, user friendly, proprietary and customizable technology infrastructure, Truxapp is addressing the inadequate logistics and transportation models to support companies become more agile and responsive toward their customers’ needs.
As the UAE transitions toward a more economically diverse, knowledge-based economy, away from oil-related sectors, trade and freight volumes are expected to increase to match demand across all trade sectors, under a technology-driven shared resources solution.
Naseer Ahmed, co-founder and CEO for Truxapp, said: “While several industries are becoming digitally enabled, the logistics sector has largely been neglected, or not given the necessary attention, because of its complexities as a B2B service. Unlike technologies behind B2C ride-sharing companies, road freight has many more variables and a complete knowledge of the logistics sector is critical when developing a platform like Truxapp.
“Once appropriately established, digitally enabled trucking services can immensely support all industries as well as the drive toward seamless smart cities. Currently, the logistics is lagging, and this is affecting growth in many other sectors that depend on the efficient movements of goods.”
He said the UAE has a growing population with increased consumption and high-Internet penetration rates. The country is witnessing an expanding e-commerce sector, expected to reach $10 billion in the next two to three years. This is in addition to the overall increase in merchandise trade.


AbbVie spotlights pharma sector at KAU workshop

Updated 20 January 2020

AbbVie spotlights pharma sector at KAU workshop

In partnership with AbbVie, a global biopharmaceutical company, King Abdul Aziz University (KAU) hosted an educational workshop to encourage more of its students to enter pharmaceutical careers after graduation. The workshop offered unique insights into the scientific role of a pharmacist to more than 100 male and female students from the university. 

Dr. Hani Asfour, dean of the College of Pharmacy at KAU, said: “It was a rewarding experience to see our students participate in this workshop for the first time. With the support of AbbVie, our students were able to learn more about the promising careers which await them in the pharmaceutical sector. They are now extremely eager and excited about their future prospects. I look forward to seeing what the future holds for them.” 

Ashraf Daoud, general manager of AbbVie in Saudi Arabia, said: “At AbbVie, we are proud to continue investing in the Saudi national pharmacists of tomorrow. Through our many partnerships with local universities, such as KAU, we are highly dedicated to supporting the Kingdom’s goals, as expressed in Vision 2030, and helping our aspiring Saudi pharmacists in reaching their full potential.” 

The workshop covered topics such as an overview of the pharmaceutical industry landscape, the importance of the medical representative role, key marketing concepts in pharma, as well as tips and advice on how to write a CV and prepare for interviews. Students also had the opportunity to speak to the AbbVie in-field team of pharmacists who answered their career questions and queries.

Khaled Fageha, HR director of AbbVie in Saudi Arabia, said: “As a global pharmaceutical company, there is an ever-growing need to attract the brightest Saudi talent and increase the talent pool of pharmacists. There is so much potential in the Kingdom, which we are always striving to unlock at AbbVie. Through initiatives like this, we are able to equip students across Saudi Arabia with the tools and knowledge to help them thrive in the health care industry, as well as ignite their passion for a career in pharmacy.”

Students said they found the workshop informative. “I’ve always been passionate about a role in pharmacy, but I was a bit unsure about what awaits after graduation. Thanks to this workshop, I was able to hear about the exciting prospects of working at a pharmaceutical company, such as AbbVie. I was able to ask all my questions, and now I am excited to continue working hard so I can begin my journey as a pharmacist,” said Sondos Alkhthlan, a student.

Another student, Nawaf Alharthi said: “This was an engaging workshop which has cemented my interest in becoming a pharmacist after graduating from KAU.”