ARK Gains $1M Investment to Expand Proptech Services in KSA

Saudi proptech ARK has successfully closed its pre-seed investment round of $1 million led by Core Vision Investment. This investment will further strengthen ARKTECH’s position as the leading utility contract trading platform and expand its services to offer innovative technology-enabled investment options.

On this occasion, Mr. Waheed Al Jassas, founder and CEO of ARK, expressed that this investment, especially in the field of utility contracts, will enhance the concept of saving, investing and hedging against inflation. It also provides innovative and reliable solutions in property technology (proptech), ensuring the achievement of lucrative returns in a safe and reliable environment for all transactions."

Mr. Faisal Abdul Salam, CEO of Core Vision Investment, expressed his confidence in the success of the company's business concept to improve the investment landscape in the Kingdom's utility contracts trading, praising the team's ability and specialisation in developing proptech solutions that meet customer needs, given the size of the real estate investment and utility contracts market.

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