ARKTECH

ARKTECH, a Saudi Arabian property technology (proptech) company, was established in 2023 by founder and CEO Waheed Al Jassas. The firm is strategically positioned within the Kingdom's real estate sector, which is undergoing significant transformation as part of the "Vision 2030" plan.

The company operates a platform for trading utility and leasehold contracts, presenting a novel approach to real estate investment. This model allows investors to engage in the property market by purchasing future rental income streams, effectively providing a method for saving, investing, and hedging against inflation. ARKTECH's core business involves listing pre-vetted contracts on its platform, complete with detailed data, costs, and projected returns, from which investors can choose. The company's revenue is derived from facilitating these transactions in a secure environment.

ARKTECH's service is designed to generate regular passive income for its clients by offering access to a new market of real estate assets. The platform ensures all listed contracts undergo a review by a compliance and risk management department. A key milestone for the company was securing a $1 million pre-seed funding round led by Core Vision Investment in late 2024. This capital is intended to solidify its market position and expand its technology-driven investment services. The company is licensed by the Saudi General Real Estate Authority and emphasizes that its operations are fully compliant with Islamic law, overseen by an independent Shariah Committee.

Keywords: proptech, real estate investment, utility contract trading, Saudi Arabia, leasehold contracts, passive income, Vision 2030, real estate financing, Islamic finance, asset trading, investment platform, Shariah compliant, Core Vision Investment, Waheed Al Jassas, property technology, real estate marketplace, financial technology, alternative investments, inflation hedge, contract trading