News

ConFex Saudi Arabia To Take Place On October 23rd & 24th

The expo showcases how digitalization and cutting-edge tech are shaping the construction and real estate industries in Saudi Arabia and beyond.

Published

2 years ago

September 25, 2023

Nour Nasir

confex saudi arabia to take place on october 23rd and 24th

The Construction Technology ConFex KSA (CTF KSA) is a two-day immersive event exploring the technology revolutionizing Saudi Arabia’s Built Environment and Giga Project. Co-organized by the Saudi Contractors Authority (SCA), ConFex takes place at the Crowne Plaza, RDC Hotel in Riyadh on October 23rd and 24th.

Confex will showcase how digitalization and advanced tech are shaping construction and real estate in Saudi Arabia. Event organizers expect over 600 attendees, who will join 60 expert speakers and thought leaders in architecture, design, engineering, and construction, plus influential policymakers and investors.

Event themes include advanced technologies driving the built environment, Smart & Future Cities, Digital & Innovative Deliveries, Data Intelligence, and Sustainability. Speaking topics and workshops will cover a wide range of subjects, including:

Virtual construction
Decarbonization of the built environment
The internet of things (IoT)
Machine learning
Predictive data analytics
Digital twins
Building information modeling (BIM)
Building management system software

Confex is an important event for the construction and smart city technology sector. With the industry projected to research a value of nearly $15 billion by 2027, Saudi Arabia is rapidly becoming home to some of the world’s most advanced and futuristic building concepts.

Also Read: Bahrain Plans To Develop 300 Smart Factories By 2026

The Saudi Arabia Giga Project program — a cornerstone of the Vision 2030 program — is the world’s most extensive civil infrastructure initiative. Meanwhile, developments like NEOM, with its massive $500 billion budget, represent the largest construction projects globally. Furthermore, Red Sea tourism projects, valued at $8.5 billion, place a large emphasis on digital and smart delivery, while the $2.4 billion Roshn housing project aims to cut emissions by an estimated 18%.

To learn more about Saudi Arabia’s biggest Construction Technology Confex, head to the official website.

News

Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia

The e-commerce startup is aiming to tap into the Kingdom’s underdeveloped e-grocery sector with a tech-first, locally rooted strategy.

Published

5 hours ago

April 7, 2025

Nour Nasir

Rabbit

Rabbit, an Egyptian-born hyperlocal e-commerce startup, is expanding into the Saudi Arabian market, setting its sights on delivering 20 million items across major cities by 2026.

The company, founded in 2021, is already operational in the Kingdom, with its regional headquarters now open in Riyadh and an established network of strategically located fulfillment centers — commonly known as “dark stores” — across the capital.

The timing is strategic: Saudi Arabia’s online grocery transactions currently sit at 1.3%, notably behind the UAE (5.3%) and the United States (4.8%). With the Kingdom’s food and grocery market estimated at $60 billion, even a modest increase in online adoption could create a multi-billion-dollar opportunity.

Rabbit also sees a clear alignment between its business goals and Saudi Arabia’s Vision 2030, which aims to boost retail sector innovation, support small and medium-sized enterprises, attract foreign investment, and develop a robust digital economy.

The company’s e-commerce model is based on speed and efficiency. Delivery of anything from groceries and snacks to cosmetics and household staples is promised in 20 minutes or less, facilitated by a tightly optimized logistics system — a crucial component in a sector where profit margins and delivery expectations are razor-thin.

Despite the challenges, Rabbit has already found its stride in Egypt. In just over three years, the app has been used by 1.4 million customers to deliver more than 40 million items. Revenue has surged, growing more than eightfold in the past two years alone.

Also Read: Top E-Commerce Websites In The Middle East In 2025

CEO and Co-Founder Ahmad Yousry commented: “We are delighted to announce Rabbit’s expansion into the Kingdom. We pride ourselves on being a hyperlocal company, bringing our bleeding-edge tech and experience to transform the grocery shopping experience for Saudi households, and delivering the best products – especially local favorites, in just 20 minutes”.

The company’s growth strategy avoids the pitfalls of over-reliance on aggressive discounting. Instead, Rabbit leans on operational efficiency, customer retention, and smart scaling. The approach is paying off, having already attracted major investment from the likes of Lorax Capital Partners, Global Ventures, Raed Ventures, and Beltone Venture Capital, alongside earlier investors such as Global Founders Capital, Goodwater Capital, and Hub71.