Riyadh - Sharikat Mubasher: SIDF Investment Company (SIC), an investment company wholly owned by the Public Investment Forum (PIF), announced its investment in the Saudi construction technology company BRKZ to accelerate digital transformation and leverage AI in supply chains.

In a statement, SIC said the partnership will help thousands of SMEs with advanced technical and financial solutions, improve operational efficiency, strengthen the industrial sector, and support Vision 2030.

The agreement aligns with the Kingdom’s approach to invest in technology platforms that connect producers directly with consumers, notably in sectors that rely on traditional distribution networks.  

The investment came as part of a broader strategy aimed at digitizing the industrial sector and supply chains in Saudi Arabia, underscoring the important role of platforms that provide transparent prices and streamline procurement and supply processes.

BRKZ was built to address inefficiencies in construction procurement: fragmented supply chains, manual processes, and cash flow gaps faced by contractors and factories that slow down projects execution and increase costs. Through its tech-enabled managed marketplace, contractors and factories can secure competitive quotes within minutes and leverage embedded financing tailored to construction cash flow cycles.