Amad Almsaodi founded Aqarmap in 2011 after a successful career in the US working with industry giants such as Nike and Boeing. Aqarmap grew to become one of the leading online real estate marketplace in Egypt serving more than 2 Million buyers monthly, and facilitating more than 30,000 transactions annually worth more than $2B. Aqarmap currently operates in 2 markets, Egypt & Saudi Arabia. Aqarmap Egypt serves more than 5,000 brokerage agencies and 1,200 development companies, offering its consumers more than 350,000 active properties. Aqarmap expanded to Saudi Arabia in 2014 and withdrew from the market in 2016, and the company expanded to Saudi again in 2023 with a completely new model that fits the market needs and leverages AI & Insights.
Re-entering Saudi Arabia: Aqarmap’s Strategic Shift in a Competitive Market
Amad Almsaodi will discuss the evolution of the Saudi real estate market since Aqarmap’s initial unsuccessful entry in 2014 and their renewed strategy after re-entering in 2023.
Learn how Aqarmap is navigating a rapidly advancing market with significant regulatory, economic, and technological changes, competing against local, regional, and governmentbacked players.
