Saudi Investment Company (SIC) has announced a strategic investment into BRKZ, a digital platform focused on modernizing industrial procurement in the Kingdom. The deal is set to accelerate the digital transformation of industrial supply chains by enabling manufacturers to connect directly with their customers.
Quick Facts
- SIC acquires a strategic stake in BRKZ.
- The deal targets digitizing Saudi industrial supply chains.
- Platform empowers manufacturers with direct market access.
Cutting Out the Middleman
The investment reflects a growing interest in technology platforms that remove the need for intermediaries in industrial sectors. By doing so, manufacturers can gain more control over pricing and distribution, improving their overall efficiency and reach.
BRKZ’s digital model directly connects manufacturers with contractors and buyers. This approach is designed to help industrial companies boost operational efficiency, increase productivity, and access financing solutions, with a particular focus on supporting small and medium-sized enterprises (SMEs).
Market Access Over Financing
While access to capital is often seen as a major hurdle for smaller businesses, the leadership at SIC sees a different primary obstacle.
Fahad Al Naeem, CEO of SIC, noted that the primary challenge facing industrial SMEs is not financing, but market access.
He explained that digital platforms address this gap by opening direct sales channels and improving the efficiency of matching supply with demand. The transaction signals a wider shift toward digitizing Saudi Arabia’s industrial sector, as demand grows for solutions that offer pricing transparency and streamlined procurement processes.
About BRKZ
BRKZ operates a digital platform connecting industrial manufacturers with contractors and buyers. The company aims to improve operational efficiency, increase productivity, and facilitate financing solutions for businesses, particularly small and medium-sized enterprises in Saudi Arabia.
Source: Entarabi
