SafaQat, an Omani digital procurement platform founded by four brothers from Nizwa, has successfully closed a funding round with the Oman Future Fund and the Idrak Group, signaling growing confidence in national tech ventures and their role in building a sustainable digital economy. The platform is supervised by the SMEs Development Authority (Riyada).
Established during the COVID-19 lockdowns, SafaQat evolved from a simple price-quote sharing idea into a fully integrated digital purchasing solution. Each founder contributes expertise to different platform aspects, enabling steady growth despite challenges related to market trust and institutional adoption. The founders emphasize flexibility, user feedback, and system development as keys to success.
The new investment will enhance technical infrastructure, improve user experience, attract national talent, expand into government procurement, and support entry into new markets. Currently, SafaQat boasts 2,486 app users, 1,260 tenders, and 2,784 registered suppliers, reflecting rapid local market adoption.
The platform has earned multiple awards, including top placements at the Omani Startup Accelerator, “Best Growing Company in the Market,” and recognition at Jadarah 2024. It has also participated in prominent regional and international forums like Comex 2024, Biban 24, Web Summit Doha, and LEAP 25.
Leveraging smart tech such as interactive dashboards, bid-sorting algorithms, and real-time reports, SafaQat is developing AI-powered bid analysis and price forecasting tools. The platform also empowers youth through practical online sales training and supports SMEs with free registration, technical assistance, and awareness campaigns.
