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.
TBC
Amad Almsaodi will share with us how the Saudi real estate market has evolved since Aqarmap's first unsuccessful attempt to capture the Saudi market in 2014, and what they are doing differently this time since they landed in the market in 2023. Prepare to learn about a market that went through significant regulatory, economic, and technical advancements in a very short time, as Aqarmap shares how they decided to position their company in an extremely competitive market that has local, regional, and government-backed players.
