Saudi-based digital procurement firm Penny Software has partnered with the National Housing Company (NHC) to develop SupplyPro, an innovative procurement platform tailored for the housing sector. This collaboration marks a major step toward digitalizing and optimizing procurement processes in Saudi Arabia’s fast-growing real estate industry.
What is SupplyPro?
SupplyPro is a centralized procurement solution that helps connect NHC contractors directly with pre-approved suppliers. In effect, improving purchasing workflows and supply chain management. The platform aims to:
- Streamline procurement and reduce manual inefficiencies
- Eliminate traditional challenges faced by housing contractors
- Enhance decision-making for industry stakeholders
- Lower operational costs and improve project delivery speed
“We understand the complexities contractors face in managing procurement processes. Through our partnership with NHC, SupplyPro will provide a streamlined solution to connect with trusted suppliers efficiently,” said Iyad Aldalooj, CEO of Penny Software.
Penny Software and NHC for Saudi Arabia’s Vision 2030
This initiative aligns with Saudi Arabia’s broader digital transformation strategy, emphasizing innovation in the construction and housing sectors.
NHC’s Goals:
- Deliver 300,000 housing units by 2025 and 600,000 by 2030
- Reach a 70% homeownership rate for Saudi families
- Enhance efficiency in real estate, housing, and commercial projects
By integrating advanced procurement technology, SupplyPro is set to modernize housing development and support Saudi Vision 2030’s digitalization objectives.
About Penny Software
Founded in 2020, Penny Software is a leading Saudi-based procurement management company and B2B marketplace. The firm offers enterprise software for businesses to manage procurement and spending, connecting suppliers with buyers across Saudi Arabia. Penny Software has secured funding from venture capital firms and angel investors.
About National Housing Company (NHC)
NHC is a leading real estate developer in Saudi Arabia, focusing on building integrated urban communities and driving innovation in the housing sector. Through strategic partnerships, NHC aims to expand affordable housing, self-construction, and land development projects.
With the launch of SupplyPro, Penny Software and NHC are set to transform the procurement landscape in Saudi Arabia’s housing sector, making construction projects more efficient, cost-effective, and technologically advanced.
