Qatar’s Snoonu Joins Forces with Saudi Arabia’s Jahez Group, Achieves QR 1 Billion Valuation

Qatar’s fastest-growing tech company, Snoonu, has partnered with Saudi Arabia’s Jahez Group, a leading on-demand services ecosystem, in a landmark deal valuing Snoonu at over QR 1 billion. This milestone makes Snoonu the first Qatari tech startup to reach “unicorn” status, strengthening its position as a major technology powerhouse in the Gulf Cooperation Council (GCC).

Hamad Al Hajri, Founder and CEO of Snoonu, described the partnership as a transformative step that combines complementary strengths and deep market knowledge to set new standards in the GCC’s digital economy. The collaboration aims to drive innovation, expand regionally, and deliver exceptional experiences to users and merchants alike, while reaffirming Snoonu’s commitment to Qatar’s thriving tech ecosystem.

Key highlights of the partnership include accelerating local innovation by fostering talent, boosting Qatar’s digital economy through confidence in its infrastructure, and leveraging regional synergy by blending Snoonu’s dynamic approach with Jahez’s extensive experience to redefine digital experiences across the GCC.

This strategic alliance signals more than a business transaction—it represents a commitment to harnessing technology to bridge communities, improve lives, and position Qatar as a leader in digital transformation.