SafaQat

SafaQat operates a digital procurement and tendering platform in Oman, designed to streamline the purchasing process for both organizations and individuals. The company was conceptualized in 2021, initially testing its model by sharing tenders via WhatsApp, and was officially established on July 25, 2023. It was founded as a family venture by four brothers from Nizwa: Majed, Sulaiman, Ibrahim, and Al Moatasem Al Saifi. The idea originated during the COVID-19 lockdowns from an experience sharing price quotes through messaging apps, which highlighted the market's need for a more efficient digital solution.

The founders leveraged their collective experience, particularly in the tendering sector, to develop the platform, with each brother managing a specific area of the business according to their specialization. SafaQat serves a dual market, connecting businesses with suppliers for corporate procurement while also offering a personal tendering app for individuals seeking quotes for services ranging from home maintenance to event planning. The platform digitizes the entire procurement workflow, enabling users to submit requests, receive multiple quotes from registered suppliers, compare offers, and select the best match, thereby reducing paperwork and delays. Its business model centers on facilitating these connections, offering a transparent and competitive environment for tendering.

Key features of the SafaQat platform include interactive dashboards, alert systems, and bid-sorting algorithms to simplify decision-making. The company is also developing AI-powered tools for bid analysis and price forecasting to further enhance its service offerings. A significant milestone was achieved in July 2025, when SafaQat secured an undisclosed amount in strategic funding from the Oman Future Fund and Idrak Group. This capital is intended to strengthen technical infrastructure, improve user experience, attract local talent, expand into government services, and facilitate regional expansion into markets like Saudi Arabia and the UAE. The company has received several accolades, including winning the “Jadarah 2024” initiative and securing second place in a competition by His Highness Sayyid Bilarab bin Haitham Al Said.

Keywords: digital procurement, tendering platform, Oman, supply chain digitization, e-procurement, B2B marketplace, procurement software, supplier management, request for quotation, RFQ, government tenders, SME procurement, strategic sourcing, bid management, purchasing automation, Oman Vision 2040, Nizwa, procurement technology, vendor discovery, competitive bidding