First model home delivered in 48 hours in Riyadh
Kingdom of Saudi Arabia – May 21, 2019 – The Ministry of Housing, represented by the Development Housing Initiative, signed an agreement with Katerra, a leading design and technology driven global construction company, to build 4101 individual homes across the Kingdom.
Katerra signed the contract after winning the 48-hour challenge in December 2018, where the firm built a completely finished 124 square meters family home, within two days, a first in the Kingdom.
The new construction will provide housing units for the beneficiaries of the Development Housing Initiative in line with the Kingdom’s objectives. The signing ceremony was held under the patronage and presence of His Excellency, Minister of Housing, Mr. Majed Bin Abdullah Al-Hogail, and Ziyad Al Ashaikh, Partner Head of Softbank SBIA, Saudi Arabia and was signed by Ash Bhardwaj, President Asia and Middle East, Katerra.
Backed by Soft Bank’s Vision Fund, Katerra makes its foray in the Saudi market, introducing advanced construction technology to support the country’s infrastructure plan outlined in Vision 2030. Katerra has strong business plans to rapidly expand its operations in the Saudi market and revolutionize its construction sector by introducing advanced global practices.
A Silicon Valley technology driven, offsite construction start-up, Katerra has grown rapidly since 2015. Today, the company has over 5,000 employees, 6 operational factories and 700+ projects in progress across America and India.
Katerra is poised to grow its operational footprint rapidly in the Middle East and India opening both local and global opportunities for professionals in Design, Factory Operations, Projects, Quality Control, Human Resource, Health and Safety, Supply Chain, Maintenance, IT and Finance.
The Development Housing Initiative is one of the programs that come as part of Saudi Arabia’s Vision 2030. It aims to meet the needs of the most disadvantaged families in the Kingdom and to enable them to own their homes or utilize them according to their needs and financial capacity. Katerra is committed to support the initiative and use its unique technology to bring better and faster homes to families in the kingdom.
About Katerra: Katerra is a technology company optimizing the way buildings are design and constructed. We are a technology company at heart. We are bringing the tested systems approaches of industrialized global industries to bring greater efficiency to building design and construction.
Founded in 2015, by Michael Marks, today Katerra has over 700+ projects in progress and 6 factories across the globe. Headquartered in Silicon Valley, we have operational offices across America, India, China and the Middle East employing more than 5000 people.Back