Arab Press

بالشعب و للشعب
Thursday, Sep 18, 2025

Al Ramz partners with top Saudi proptech company

Al Ramz partners with top Saudi proptech company

Al Ramz, one of the largest residential development companies in Saudi Arabia, has partnered with Watheeq property technology (PropTech) Venture Capital Fund, the first such facility in the Mena region PropTech VC fund, as an investor and supporter of its portfolio of start-ups.
The partnership between Al Ramz and Watheeq Proptech VC will help the development of affordable, sustainable and quality, quick-to-market residential housing in Saudi Arabia using smart technology.

The fund is investing in property technology start-ups that are adopting new technologies such as 3D printing, pre-fabricated buildings, and construction robots, with new business models that are disrupting the real estate industry.

This will facilitate the development of residences and result in a much faster real estate life cycle, from construction through to sales and letting, and individual home ownership.

The partnership will support the government’s commitment to supply 1.5 million homes as part of Vision 2030.

Watheeq Proptech VC Managing Partner Khaled Zaidan said: "We are excited that our partnership with Al Ramz will support the government's efforts to provide housing for the rapidly growing, young population through novel, smart technology."

"We are dedicated to investing in technologies that are reshaping the traditional real estate assets while improving the quality of life for home owners. Technology can decrease the cost and time of construction, increase the quality of residential housing, and stimulate eco-friendly lifestyles," he noted.

"We believe that top-notch entrepreneurs are the growth engine behind every prosperous economy," stated Zaidan.

The partnership with Al Ramz is important to The Fund’s mission to bridge the gap between real estate and technology start-ups in Saudi Arabia.

"This is an unprecedented opportunity for the young start-ups in our portfolio to be supported by a large and experienced Saudi residential development company," he added.

As one of the largest residential developers in the Saudi residential market, not only will Al Ramz be an investor in the Fund, but will also support The Fund’s portfolio of companies by providing business development opportunities.

AI Ramz CEO Harun Al Rasheed said: "We are delighted to partner with Watheeq to improve the customer's experience in the sector by investing with the fund in many PropTech companies that will improve customer experiences in the real estate sector at its various stages."

"Technology companies are the future, and The Fund is providing us with the opportunity to explore local and global markets and to inject fresh creativity to our business,"stated Al Rasheed.

"We also trust the fund's team to find the best opportunities for our investment that will have a positive impact on our core business and achieve good returns," he added.

Watheeq Proptech VC’s relations and partnerships emanate from Mena to reach every region in the world including US, Europe, Africa, and Asia.

The shariah-compliant fund is the first of its kind in the region, and is licenced by KSA’s Capital Market Authority.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
×