Salah Almnsoori, a seasoned entrepreneur in the Saudi Arabian construction industry, understands the importance of reaching a vast array of buyers in the competitive market. With over 16 years of experience selling building materials to contractors and builders, he has grappled with the challenge of navigating a highly fragmented industry consisting of more than 150,000 building and construction companies in Saudi Arabia. To overcome this hurdle, Almnsoori embraced the innovative solution provided by BRKZ, a startup that emerged in 2022, offering a singular platform connecting suppliers and contractors in the construction sector.
The genesis of BRKZ stems from the personal experience of its founder, Manna, who encountered difficulties in procuring reliable contractors while constructing his own home. This realization led to the inception of a platform aiming to streamline the chaotic value chain prevalent in the Saudi construction sector. Contractors like Mohammed Hussien have lauded BRKZ for simplifying their procurement processes, thereby alleviating the frustrations commonly associated with sourcing materials and services.
For suppliers, BRKZ is continuously enhancing its offerings to cater to a broader audience. By providing additional services such as financing options for contractors who meet specific criteria, BRKZ aims to establish itself as a comprehensive “One-stop-shop” for the construction industry. Unlike contractors, suppliers do not incur any joining fees on BRKZ; instead, they pay a fee when they receive orders via the platform, a model designed to facilitate widespread adoption.
Dany Farha, managing partner of BECO Capital, highlights the vast investment potential in the MENA construction market, emphasizing the pivotal role BRKZ plays in aligning with Saudi Arabia’s Vision 2030. By attracting foreign investors and founders to a thriving construction sector, BRKZ is poised to drive significant development within the industry. Chris Corbishley, managing partner at 9900, underscores the transformative impact of BRKZ’s procurement platform, enabled by cutting-edge technology, in revolutionizing the construction sector.
In a landscape marred by inefficiencies, BRKZ stands out as a beacon of change, revolutionizing procurement practices through its innovative approach. With a strategic focus on enhancing the efficiency and affordability of construction projects, BRKZ is well-positioned to catalyze growth and attract a diverse range of stakeholders to participate in the burgeoning construction market.