The construction industry, notorious for its fragmented and opaque procurement processes, is ripe for disruption. In Saudi Arabia, where ambitious infrastructure projects are reshaping the nation's landscape, these challenges are amplified. Enter BRKZ, a Riyadh-based startup determined to modernize construction procurement with its tech-enabled managed marketplace.
Tackling the Procurement Puzzle
Imagine a world where contractors can source materials effortlessly, with transparent pricing and instant quotes. BRKZ is making this a reality. The platform connects contractors and factories, enabling them to procure essential building materials like cement, steel, and wood with ease.
BRKZ's Value Proposition:
- Transparent Pricing: Say goodbye to hidden costs and lengthy negotiations. BRKZ offers clear, competitive pricing for all materials.
- Instant Quotes: Contractors can receive quotes in just 20 minutes, accelerating project timelines.
- Flexible Financing: "Buy now, pay later" options and tailored credit solutions ease cash flow challenges.
- Expanded Market Reach: Factories gain access to a wider customer base and efficient sourcing for raw materials.
- Streamlined Logistics: BRKZ simplifies transportation and coordination, overcoming regional hurdles.
Fueling Growth and Expansion
Since its inception in 2023, BRKZ has experienced remarkable growth. Its product catalog has expanded from 1,200 to over 7,000 SKUs, with the supplier network growing from 350 to 1,100. The company's revenue quadrupled in 2024, and its platform now boasts over 850 contractors and factories, contributing to major projects like King Salman Park, Neom, and the Red Sea Project.
BRKZ's recent $17 million Series A funding, with strong participation from existing investors like Aramco's Wa'ed and BECO Capital, underscores confidence in the company's vision. This investment will fuel further expansion across Saudi Arabia and accelerate the development of new features.
From Local to Global: Expanding Horizons
BRKZ is strategically diversifying its revenue streams and expanding its offerings. The company plans to:
- Import Key Materials: Source hard-to-find construction materials from global markets like China, India, and Turkey, strengthening its position as a one-stop procurement hub.
- Cater to Diverse Needs: Expand services to include developers and suppliers, offering a wider range of materials and pricing models.
- Become a Full-Service Ecosystem: Evolve into a comprehensive construction platform by adding workforce supply and equipment procurement/rental services.
- Harness the Power of AI: Leverage AI and machine learning to automate pricing, purchase orders, and other processes, enhancing efficiency for all stakeholders.
The Visionary Behind BRKZ
Ibrahim Manna, BRKZ's founder, brings a wealth of experience from his time at Careem, the ride-hailing giant acquired by Uber. His personal frustration with the inefficiencies of the construction industry ignited the spark for BRKZ. Manna's deep understanding of the market and his commitment to innovation have been instrumental in the company's success.
A Transformative Force in the Construction Industry
BRKZ is poised to revolutionize the construction landscape in Saudi Arabia and beyond. By streamlining procurement, offering innovative financing solutions, and expanding its service offerings, BRKZ is empowering contractors, factories, and developers to build a more efficient and sustainable future.
إرسال تعليق