Project Suppliers Raises SAR 3.8M Pre-Seed for AI Cash Flow Tools in Saudi MEP Market

Project Suppliers Secures SAR 3.8 Million Pre-Seed Round

Project Suppliers, an online procurement platform for the Saudi construction and contracting market, has raised SAR 3.8 million in pre-seed funding. The round was announced on October 4, 2026.

What Project Suppliers Does

Project Suppliers operates a digital procurement platform that connects suppliers and buyers in Saudi Arabia's construction and contracting sector. The platform allows contractors to search a database of more than 12,000 suppliers and contractors, send requests for quotations (RFQs), and manage those requests through built-in tracking and reporting tools.

According to the company, approximately 600,000 quotation requests have been processed through the platform to date.

Use of Funds

The new capital will support the development of AI-powered cash flow management tools for the mechanical, electrical, and plumbing (MEP) supply market in Saudi Arabia and the wider Gulf region.

Market Context

The Saudi construction and contracting market is a key component of the Kingdom's broader economic diversification efforts. Project Suppliers' focus on the MEP supply segment targets a specific niche within that market, where procurement efficiency and cash flow management are critical for contractors and suppliers alike.

Funding Details

• Round type: Pre-Seed
• Amount: SAR 3,800,000
• Announced: October 4, 2026
• Lead investor: Not disclosed
• Investors: Not disclosed

About Project Suppliers

Project Suppliers is headquartered in Saudi Arabia and operates at the intersection of construction procurement and fintech. Its platform serves as a marketplace and workflow tool for contractors and suppliers, streamlining the quotation process and providing visibility into procurement activity.

The company's planned expansion into AI-driven cash flow management reflects a growing trend in the region's construction technology sector, where digital tools are increasingly adopted to address operational and financial challenges.

Acquisition Relevance

For acquirers in construction technology, fintech, or B2B marketplaces, Project Suppliers represents an early-stage asset with a established user base and transaction volume. The company's database of over 12,000 suppliers and contractors, along with its track record of processing hundreds of thousands of quotation requests, provides a foundation for scaling procurement and financial services in the Gulf MEP market.

The pre-seed round positions Project Suppliers to further develop its technology stack and expand its footprint in Saudi Arabia and neighboring Gulf markets.