Zigbang has signed an agreement with Saudi Arabia's National Housing Company in the Korean portal's first foray into the Middle East.
The National Housing Company is a state-run enterprise focusing on real estate development and investment, and will work with Zigbang to 'digitize' the kingdom's real estate market.
Zigbang plans to build a local team to launch its smart home systems and digital property management services, as well as participating in the planned development of a 'smart' city in Neom—which is 33x the size of New City.
An estimated $500 Billion will be poured into the development project in Neom, with the Saudi crown prince Mohammed entering discussions with prospective collaborators including Samsung and Hyundai late last year.
Ahn Seong-woo, CEO at ZigBang, said:
"We are dedicated to growing not only our company but also other domestic proptech companies in the Middle East."
Zigbang has been on the charge since last summer, including a ₩100 billion ($77 million USD) funding round in July ahead of an anticipated IPO, and the announcement of a rebrand as part of the portal's international expansion plans.
Zillow and Funnel have teamed up to build a more connected path "from search to signed lease" for renters in...
Read More
Real Web, the Luxembourg holding company that controls Immobiliare.it, has bought 51.3% of RockAgent, a Rome-based hybrid estate agency. The...
Read More
Third Door Ventures (TDV), which operates Apartments.com.au (formerly Urban.com.au), has acquired the retirement property marketplace villages.com.au to its portfolio of...
Read More
Hemnet Group has appointed Michael Hansen as interim CEO, effective 5 November 2026. The appointment follows a mutual agreement between...
Read More
