MENA Food Delivery Companies in 2023

Key Takeaways:

- The MENA region Food Delivery Companies have doubled their Net Profit in 2023 generating USD 680 Million, a 120% increase on YoY basis.

- United Arab Emirates food delivery companies net profits accounted for 45% of the MENA region total equaling USD 308 Million in 2023. Delivery Hero in UAE alone generated USD 164 Million.

- Bahrain food delivery companies net profits accounted for 23% of the MENA region total equaling USD 160 Million in 2023. Delivery Hero Talabat in Bahrain alone generated USD 145 Million.

- Kuwait food delivery companies net profits accounted for 13% of the MENA region total equaling USD 89 Million in 2023. Talabat in Kuwait alone generated USD 87 Million.

- Saudi Arabia food delivery companies net profits accounted for 10% of the MENA region total equaling USD 74 Million in 2023. HungerStation and Jahez International Company achieved net profits of USD 42 Million and USD 31 Million, respectively.

- talabat group emerged as the top market player in Bahrain, Kuwait, and Qatar, reporting a combined net profit of $273 million in these three countries alone.

- HungerStation, a leading operator in the UAE and KSA, achieved an aggregated net profits of $167 Million from both markets.

- Jahez International Company, the Saudi food delivery company, reported $31 Million in net profit in 2023, an increase of 110% from 2022, forming 42% of the Saudi food delivery net profit in 2023.

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