The Saudi Industrial Investment Company (SIC), the investment arm of the Saudi Industrial Development Fund (SIDF), has announced a strategic direct investment in BRKZ, a leading Saudi platform specializing in industrial supply chain enablement.
The signing ceremony took place in the presence of HH Prince Sultan bin Khalid Al Saud, CEO of SIDF and Vice Chairman of SIC, and Mr. Fahad Al-Naeem, CEO of SIC. Representing BRKZ was its CEO and Founder, Ibrahim Manna.
Currently, BRKZ serves over 350 SMEs through a network of approximately 1,600 suppliers and more than 7,300 SKUs. The platform operates via a contractor-led demand engine and empowers upstream factories. This investment provides a qualitative boost to the digitalization of industrial procurement in the Kingdom and reinforces the role of national platforms in accelerating industrial growth, aligned with Vision 2030.
This investment marks a major milestone for BRKZ as it evolves from a procurement platform into a comprehensive industrial supply chain enabler utilizing AI, cloud manufacturing, off-take agreements, and input credit settlement for finished goods. SIC’s investment aims to accelerate factory productivity, improve access to liquidity, and increase capacity utilization rates.
Mr. Fahad Al-Naeem, CEO of SIC, commented on the significance of this strategic move: “We are investing in BRKZ because it addresses a real-world challenge in the industrial supply chain. By facilitating supplier access, providing payment flexibility, and utilizing untapped production capacity, BRKZ is building a commercial infrastructure for the industrial sector. Our role at SIC is to accelerate and scale this model to serve more industrial SMEs, directly supporting the Kingdom’s ambition to become a global manufacturing hub”.
Mr. Ibrahim Manna, CEO of BRKZ, stated: “At BRKZ, we believe factories are a primary engine for economic growth. We support them through value-added services tailored to their needs. AI technologies allow us to operate at a higher speed and efficiency, offering the best prices and enhancing the user experience across the supply chain. This investment reflects SIC’s confidence in ambitious Saudi companies; we view this as a strategic partnership and a great responsibility to continue building a tangible impact in line with Saudi Vision 2030”.
Empowering Industrial SMEs via an Integrated Marketplace
BRKZ offers a tech-driven platform combining market access, supply control, and credit facilitation. Key features of the BRKZ ecosystem include:
- Massive supplier network: A network of ~1,600 suppliers across KSA with over 7,300 items available online.
- Flexible payment options: Enhancing cash flow through cash payments, Cash on Delivery, and credit options.
- Factory enablement: Supporting upstream manufacturers with certification assistance, off-take financing, and cloud manufacturing capabilities.
- Artificial intelligence: Automating internal processes by building a “Full Stack Agentic AI” ecosystem for customers.
BRKZ previously secured backing from prominent regional and international investors, including BECO Capital, BTV, 9900, Wa’ed Ventures (Aramco Entrepreneurship Center), and Class 5. This partnership contributes to building a robust industrial infrastructure and expanding the industrial enablement sector in Saudi Arabia.
