logo
    • Buy Crypto
    • Markets
    • Futures
    • Spot
    • Earn
    • Affiliates & AI
    • More
    1. WEEX
    2. Crypto News
    3. Fitting Platform Closes $1.1 Million Investment Round to Enhance Digitalization of Construction Supply Chains in Saudi Arabia

    Fitting Platform Closes $1.1 Million Investment Round to Enhance Digitalization of Construction Supply Chains in Saudi Arabia

    By: www.wamda.com|2026/08/10 11:22:20
    0
    Share
    copy
    Prefer us on GooglePrefer us on Google
    TIMETIME
    TimeTime
    whenwhen
    SIZESIZE
    EmpowerEmpower
     
    • The Saudi platform Fitting, specializing in construction technology, has raised $1.1 million in its second seed funding round, with participation from an undisclosed strategic investor from the contracting and real estate development sector.
    • The company was founded by Mohammed Al-Mubaid and Abdulaziz Al-Mubaid in 2025, and Fitting develops digital solutions to automate supply chains in the construction sector and organize procurement processes among suppliers, contractors, and real estate developers.
    • The company will use the new funding to expand into key markets within the Kingdom, develop its technological infrastructure, and enhance its technical and operational capabilities.

    The digital platform Fitting, specializing in automating and digitizing supply chains in the construction sector, announced the closure of its second seed investment round, raising $1.1 million, with participation from a prominent strategic investor in the contracting and real estate development sector. This move aims to support the platform's plans to expand in the Saudi market and enhance its technical and operational capabilities.

    The investment round comes amid the continuous growth witnessed in the construction sector in the Kingdom, coinciding with the expansion of real estate and construction projects and the increase in related operations, which enhances the need for technological solutions that contribute to improving supply chain management and increasing the efficiency of supply and operational processes.

    Fitting is set to direct the new funding towards supporting field expansion plans in key markets within the Kingdom, in addition to developing the platform's infrastructure and expanding its operational and technical capabilities, thereby supporting its ability to provide digital solutions for companies operating in the construction sector.

    Mohammed Al-Mubaid, the founder and managing director of Fitting, stated: "Closing the second investment round of $1.1 million is an important milestone in Fitting's journey and supports our plans to accelerate expansion and enhance our technical and operational capabilities. We believe that the digitization of supply chains has become a fundamental factor in improving the efficiency of the construction sector, and we are working to provide technological solutions that respond to market needs and help various stakeholders manage their operations more efficiently. The participation of a strategic investor from the contracting and real estate development sector is a significant addition, as it provides direct expertise and knowledge of the nature of the market and its needs."

    Fitting operates in the field of automating and digitizing supply chains in the construction sector by developing technological solutions aimed at organizing supply processes and enhancing the efficiency of supply chain management among various parties, including suppliers, contractors, and real estate developers.

    The new funding will be used to develop the platform's technical infrastructure and expand its operational capabilities, in addition to supporting growth and field expansion plans in key Saudi markets. This step is expected to enhance the platform's ability to meet the requirements of companies operating in the construction sector at a time when the importance of digital solutions in managing operations and supply chains is increasing.

    The construction sector in Saudi Arabia is witnessing an expansion in the size and scope of projects, alongside the growth of the real estate development sector, which raises the importance of developing tools and technologies that help improve resource management and supply and enhance operational efficiency, especially with the multiplicity of parties and entities involved in project implementation.

    On another note, Fitting prioritizes sustainability and social impact, aiming to leverage this new growth phase to support and empower Saudi talents by providing job opportunities and training for young national cadres.

    These initiatives align with the objectives of Saudi Vision 2030 related to empowering national talents, developing human capital, enhancing innovation and digital transformation, and supporting the role of technology in developing various economic sectors.

    The closure of the second investment round strengthens the platform's expansion path, with new funding to develop its technical and operational capabilities and increase its presence in the Saudi market at a time when the construction sector is increasingly shifting towards adopting digital solutions to improve efficiency and manage operations and supply chains.

    -- Price

    --
    --
    --

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

    You may also like

    Morpho Introduces Variable Income Connection Feature for Fixed Rate Waiting Funds

    Morpho Introduces Variable Income Connection Feature for Fixed Rate Waiting Funds

    CME Adds Four Ethena Price Indicators to Data Feed

    CME Adds Four Ethena Price Indicators to Data Feed

    The Chicago Mercantile Exchange Group (CME Group) is adding four Ethena (ENA) price indicators to its institutional crypto price data feed. This move does not indicate the listing of ENA futures or the introduction of contract settlement standards.
    Aviation Fuel Prices in Russia Reach 121,864 Rubles per Ton

    Aviation Fuel Prices in Russia Reach 121,864 Rubles per Ton

    Suspected Data Breach at BitcoinIRA and iTrustCapital Not Publicly Disclosed

    Suspected Data Breach at BitcoinIRA and iTrustCapital Not Publicly Disclosed

    Twitch Faces Class Action Lawsuit for Unauthorized Use of Streamer Content

    Twitch Faces Class Action Lawsuit for Unauthorized Use of Streamer Content

    U.S. National Debt Surpasses $40 Trillion, Concerns Over Rising Interest Costs

    U.S. National Debt Surpasses $40 Trillion, Concerns Over Rising Interest Costs

    The total public debt of the United States surpassed $40 trillion for the first time, reaching $40,040,257,576,842.22 on August 18, 2026.
    BitMine Increases Holdings by 32,447 ETH, Total Holdings Reach 5.8476 Million

    BitMine Increases Holdings by 32,447 ETH, Total Holdings Reach 5.8476 Million

    Russia claims that three people, including two children, died in a drone attack in Krasnodar

    Russia claims that three people, including two children, died in a drone attack in Krasnodar

    Russian authorities reported the death of three people, including two children, in Krasnodar following a drone attack that also caused damage to civilian facilities and Ozon warehouses. Ukraine claimed to have hit dozens of Russian targets, while several Ukrainian regions experienced power outages a...
    Gold Price Reaches 4643.95 USD, Ends 6-Month Correction

    Gold Price Reaches 4643.95 USD, Ends 6-Month Correction

    Shein Debuts on the Hong Kong Stock Exchange, Aiming to Raise Over $1.7 Billion

    Shein Debuts on the Hong Kong Stock Exchange, Aiming to Raise Over $1.7 Billion

    The company reaches a valuation of $26.8 billion, a figure lower than in 2022. It plans to use the funds to finance its technological capabilities and strengthen its international presence. Criticism.
    ZachXBT Investigates Frozen 93,000 USDT Linked to Violent Robbery in France

    ZachXBT Investigates Frozen 93,000 USDT Linked to Violent Robbery in France

    Transparency Act: Bernstein Anticipates New Decline in Crypto Market Due to Delay in Legislation

    Transparency Act: Bernstein Anticipates New Decline in Crypto Market Due to Delay in Legislation

    The Transparency Act remains the main regulatory event for the U.S. crypto industry: Bernstein believes that if the law does not pass by 2026, the digital asset market could face another blow, although American regulators, according to the broker, will try to close the gaps with rules more quickly.
    Zcash NU7 Voting to Start on August 25

    Zcash NU7 Voting to Start on August 25

    🟠 Zcash will start the coin ownership voting for the NU7 upgrade on August 25. 🔐 Only protected and spendable $ZEC balances within Ironwood as of the snapshot on August 24, 2026, will be valid. 📅 The voting process will end on September 14 at 22:00 Turkey time. 🧩 The voting will include topics s...
    $400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares

    $400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares

    Digital Currency X shareholders will vote Sept. 3 on a 160-for-1 reverse stock split and a reset to 3 billion authorized shares.
    Trump to Award the Space Medal of Honor to the Artemis II Crew

    Trump to Award the Space Medal of Honor to the Artemis II Crew

    The Artemis II crew will be honored for their historic journey around the Moon, the first crewed mission beyond low Earth orbit since 1972. The ceremony, led by Donald Trump, will take place at the Johnson Space Center, although official information leaves open a question about the recognition of Je...
    The Thunder-RS Engine Completes a Second 100-Second Static Test

    The Thunder-RS Engine Completes a Second 100-Second Static Test

    The Thunder-RS engine completed a second static ignition test lasting 100 seconds, achieving a thrust of 1,297.5 kilonewtons, according to reports from China Daily and China.org.cn. The test represents an engineering advance, but does not, by itself, demonstrate orbital capability or that the system...
    PONS 28.52% Burned, Purchase Structure of Fees Revealed

    PONS 28.52% Burned, Purchase Structure of Fees Revealed

    Alibaba Cloud Wan3.0 Video Generation Model Launched, Supports 30-Second Video Generation

    Alibaba Cloud Wan3.0 Video Generation Model Launched, Supports 30-Second Video Generation

    Top Tokenized Stocks to Watch in 2026: NVDA, RDDT, SPCX, SNDK, SKHY and Unitree

    Top Tokenized Stocks to Watch in 2026: NVDA, RDDT, SPCX, SNDK, SKHY and Unitree

    Top Tokenized Stocks to Watch in 2026: NVDA, RDDT, SPCX, SNDK, SKHY and Unitree
    Cardano Proposes Review of Quantum-Resistant Wallet

    Cardano Proposes Review of Quantum-Resistant Wallet

    Cardano has brought its proposal for improvements to the Ada wallet's response to quantum computing threats into the public review stage.
    "Quite Depressing": Traveler Shares His Perception of BTC Adoption in Bitcoin Beach

    "Quite Depressing": Traveler Shares His Perception of BTC Adoption in Bitcoin Beach

    Funding Rate for Altcoins Increases to 85%

    Funding Rate for Altcoins Increases to 85%

    4 Important Economic Events This Week for the Crypto Market

    4 Important Economic Events This Week for the Crypto Market

    Trump Family Joins the Trend of Starting New Banks

    Trump Family Joins the Trend of Starting New Banks

    Solana Network REV Surpasses $1 Million, Reaches Six-Month High

    Solana Network REV Surpasses $1 Million, Reaches Six-Month High

    MIPT: Testing Cryptocurrency Trading Strategies in Real Market Conditions

    MIPT: Testing Cryptocurrency Trading Strategies in Real Market Conditions

    At MIPT, a system has been introduced for testing cryptocurrency trading strategies that is based not on an idealized price history, but on modeling conditions close to real trading. The development takes into account commissions, slippage, liquidity, the cost of financing perpetual contracts, and o...
    Mainland Investors Required to Submit Source of Funds Declaration at Hong Kong Banks

    Mainland Investors Required to Submit Source of Funds Declaration at Hong Kong Banks

    Arthur Hayes Predicts FLOP Will Become the Second Largest Token by Market Cap, Possibly Surpassing Bitcoin

    Arthur Hayes Predicts FLOP Will Become the Second Largest Token by Market Cap, Possibly Surpassing Bitcoin

    Tron Accounts Exceed 400 Million

    Tron Accounts Exceed 400 Million

    The total number of accounts on the Tron (TRX) network has surpassed 400 million. The expansion of cumulative accounts indicates network growth but may not directly reflect the actual number of users or increased demand for payments and remittances.
    ZachXBT Launches New Site: Blocks Fraud Investigation Requests from Seven Countries including the UK, Canada, and India

    ZachXBT Launches New Site: Blocks Fraud Investigation Requests from Seven Countries including the UK, Canada, and India

    Morpho Introduces Variable Income Connection Feature for Fixed Rate Waiting Funds

    CME Adds Four Ethena Price Indicators to Data Feed

    The Chicago Mercantile Exchange Group (CME Group) is adding four Ethena (ENA) price indicators to its institutional crypto price data feed. This move does not indicate the listing of ENA futures or the introduction of contract settlement standards.

    Aviation Fuel Prices in Russia Reach 121,864 Rubles per Ton

    Suspected Data Breach at BitcoinIRA and iTrustCapital Not Publicly Disclosed

    Twitch Faces Class Action Lawsuit for Unauthorized Use of Streamer Content

    U.S. National Debt Surpasses $40 Trillion, Concerns Over Rising Interest Costs

    The total public debt of the United States surpassed $40 trillion for the first time, reaching $40,040,257,576,842.22 on August 18, 2026.
    ...
    100,000 USDT in rewards awaits
    Trade stock tokens with 0 fees—get 10 USDT on your first trade
    100,000 USDT in rewards awaitsUnlock up to 800 USDT

    Contents

    TIME

    Latest articles

    08/24/2026

    Solana Prepares to Expand v1 Transaction Limit to 4096 Bytes

    Solana (SOL) is preparing a v1 transaction format upgrade that will increase the maximum size of a single transaction from 1,232 bytes to 4,096 bytes. This change allows for significantly larger transactions to be processed at once.
    08/24/2026

    US Allows Private Companies to Participate in Offensive Cyber Operations Against Foreign Hackers

    The Trump administration has approved a memorandum that opens up the possibility for federal law enforcement agencies in the United States to engage verified private companies in operations against foreign cybercriminal groups. This is not just about data sharing, but about preparing actions against...
    08/24/2026

    Cryptocurrency for Advisors: Why Clients Have Already Outpaced Their Financial Advisors

    The topic of "cryptocurrency for advisors" is becoming increasingly pressing: clients have been holding digital assets for years, incorporating them into inheritance plans, and expecting advisors to provide not just general discussions but real assistance with storage, taxes, reporting, and transfer...
    08/24/2026

    Four years ago, a cryptocurrency mogul disappeared; now his successor has vanished

    08/24/2026

    New Meme Coin Launch 2026: MemeToro Brings AI-Powered Discovery to the BNB Chain

    More

    Latest coin listings on WEEX

    logoCommunity
    iconiconiconiconiconiconicon
    Customer Support:@weikecs
    Business Cooperation:@weikecs
    Quant Trading & MM:bd@weex.com
    VIP Program:support@weex.com
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • Customer Support Bot
    • VIP Services
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • Proof of Reserves
    • Invite Friends
    • OTC
    • Download
    • Affiliate
    • VIP Program
    • API
    • Broker
    • Listing Application
    • Affiliate T&C
    • Sitemap
    • Futures
    • Spot
    • Copy Trade
    • Markets
    • WEEX Store
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE
    • About Us
    • Announcement Center
    • Media Kit
    • WEEX Community
    • WXT Zone
    • Announcement
    • Help Center
    • Fee Schedule
    • Trading Rules
    • WEEX Academy
    • Contact Verifier
    • Submit Feedback
    • Legal Statement
    • Risk Disclosure
    • Terms and Policies
    • Privacy Policy
    • Whistleblower Notice
    • AML/CTF Policy
    • Law Enforcement
    • Customer Support Bot
    • VIP Services
    • Futures
    • Spot
    • Copy Trade
    • Markets
    • WEEX Store
    • Proof of Reserves
    • Invite Friends
    • OTC
    • Download
    • Affiliate
    • VIP Program
    • API
    • Broker
    • Listing Application
    • Affiliate T&C
    • Sitemap
    • User Guide
    • Product Launches
    • Crypto News
    • Product Launches
    • Crypto Wiki
    • Learn
    • Q&A
    • Spot
    • Futures
    • Glossary
    • VIP Program
    • Download
    • Affiliate
    • Protection Fund
    • Proof of Reserves
    • Sitemap
    • ETFs
    • Crypto Prices
    • Price Predictions
    • WXT Price
    • BTC Price
    • ETH Price
    • DOGE Price
    • How to Buy Crypto
    • How to Buy WXT
    • How to Buy BTC
    • How to Buy ETH
    • How to Buy DOGE

    Where new wealth is made

    Download app

    Sign Up
    h5 logo
    Download