Press release:

Penny Software, the digital procurement software, has signed a partnership with the National Housing Company (NHC) to develop SupplyPro, an innovative procurement platform tailored for the NHC housing sector. This collaboration marks a milestone in digitalising and streamlining procurement processes within Saudi Arabia's rapidly evolving housing industry.

SupplyPro will serve as a centralised procurement solution that connects NHC contractors directly with pre-approved suppliers, enabling more efficient purchasing workflows and improved supply chain management. The platform aims to eliminate traditional procurement challenges faced by contractors working on housing projects.

"We understand the complexities contractors face in managing their procurement processes. Through our partnership with NHC, SupplyPro will provide contractors with a streamlined solution to connect with vested suppliers and manage their procurement needs efficiently." Iyad Aldalooj, Penny Software CEO, said.

The collaboration aligns with Saudi Arabia's broader digital transformation initiatives and demonstrates both organisations' commitment to advancing technological innovation in the housing sector. SupplyPro is expected to streamline procurement processes, reduce operational costs, and enhance decision-making capabilities for housing industry stakeholders.

The implementation of Supply Pro aligns with both organisations' goals to digitise and modernise the construction industry's procurement practices, ultimately contributing to more efficient project delivery in Saudi Arabia's housing sector.

About Penny Software: Penny Software is a Saudi-based company for procurement management and a B2B marketplace. Penny offers enterprise software that helps businesses of all sizes manage procurement and spending. The Penny B2B marketplace helps connect suppliers with industry buyers in Saudi Arabia. Penny was founded in 2020 by Iyad Aldalooj, Majid Aldalooj, and Mohammed Ibrahim and was funded by venture capitals and angel investors.

About National Housing Company (NHC): The National Housing Company (NHC) is a leading real estate developer in Saudi Arabia, established to transform the housing sector. It focuses on creating high-quality, integrated urban communities aligned with Saudi Vision 2030. NHC aims to deliver 300,000 housing units by 2025 and 600,000 by 2030, enhancing the national economy. Through strategic partnerships, NHC contributes to growth in the housing, real estate, and commercial sectors. Their initiatives target affordable housing, self-construction, and land development, aiming for a 70% homeownership rate among Saudi families.