The Future Built Assets Accelerator
A program for seed to Series A PropTech and ConTech companies. Selected companies receive direct investment, mentorship and live pilots with developers and contractors across the Middle East.
“NeoCity emerged from a single, unwavering conviction: that real estate must evolve, and that evolution begins with technology.”
Aya ZaghninCEO, NeoCity and Startup Wise Guys Middle East“Through NeoCity, we connect Saudi Arabia’s development ambitions with the world’s most promising technology companies, accelerating Vision 2030 from blueprint to reality.”
Ibrahim NeyazCEO, National Technology Development Program
- Program
- 6 months
- Stage
- Seed to Series A
- Owned and operated by
- SWG Middle East
- Oversight
- NTDP
Cohort One
Inside Cohort One.
Selected from more than 1,000 applications, every company in Cohort One runs a live proof-of-concept pilot with developer and government partners in the region.
- 1,000+
- Startups applied
- 10
- Companies selected
- 10
- Live pilots running
- $10M
- Capital deployed
- $200M+
- Combined valuation
The companies
Select a company to see what it does and what its pilot delivered.
AugradeConTechAI pre-construction platform that turns 2D drawings into 3D BIM models, checks designs for code compliance, and automates quantity takeoff.What it does
- Turns 2D drawings into full 3D BIM models, complete with parameters
- Detects clashes on the model before they reach site
- Automates quantity takeoff and exports to PDF and CAD
Pilot results
- 11 hrs
- From 2D drawings to a full 3D BIM modelTarget: 12 hrs
- Included
- PDF and CAD export, delivered within the same 11 hoursTarget: 30 min
AilyticsConTechAI-powered video analytics platform that turns existing CCTV into real-time operational intelligence for construction safety, productivity monitoring, and compliance.What it does
- Turns existing CCTV into live safety intelligence
- Detects on-site hazards and alerts the team in seconds
- Tracks productivity and compliance from one dashboard
Pilot results
- 90%
- Hazard detection accuracyTarget: 87%
- 5 sec
- To notify each incidentTarget: 15 sec
- <1
- False alert per 100 alerts
- 99%
- System uptimeTarget: 99%
- 3 days
- From install to fully operationalTarget: 10 days
- Managers rate dashboard clarity and usability at 4 out of 5 or higher.
- The Health, Safety and Environment team reports strong confidence in the platform.
OutcomePropTechAI-powered workflow automation platform for commercial real estate, automating tasks, streamlining processes, and boosting productivity with intelligent automation.What it does
- Generates commission reports automatically from sales data
- Answers questions by email, text or voice, such as “What were our total sales last month?”
- Produces narrative summaries and one-page chart reports
Pilot results
- 90%
- Less time to produce commission reportsTarget: 70%
- 98%
- Accuracy of AI-powered commission calculationsTarget: 95%
- 99%
- Of data questions answered on demandTarget: 95%
- The team describes submitting sales data and receiving insights as seamless.
- Staff cite the platform’s intuitive design and the support provided throughout the PoC.
RewaFinTech / PropTechRent infrastructure for digital payments and rewards. Turns rent into a seamless, reward-earning experience while giving landlords reliable collections at scale.What it does
- Digital rent payments with reliable collections for landlords
- Rewards that turn rent into a reward-earning experience
- Milestone credits for onboarding, contract validation and mortgage steps
Built for the pilot
- 3 tiers
- Silver, Gold and Black membership
- 3+
- Live reward categories: airline, hospitality, home services
- 10+
- Buyer profiles modelled across 3+ apartment types
- Rewards redemption enabled and tested with the pilot group.
LivixaPropTechSmart living platform that enhances resident experience through integrated community management, service booking, and real-time facility coordination.What it does
- Resident community management in one app
- Service booking for residents
- Real-time facility coordination for operators
In Cohort One
- Running a live proof-of-concept pilot with NeoCity partners in the region.
WatadConTechDigital procurement and supply chain platform for construction materials, streamlining sourcing, pricing, and logistics across the Middle East.What it does
- AI-driven sourcing of building materials
- End-to-end digital procurement for contractors
- Embedded Sharia-compliant financing through CMA-licensed debt funds
Milestones
- $20M
- Fund launching in 2025
- $200M
- Fund planned for 2026
- $2B
- Target by 2027
“Watad is not waiting for the future; we are building the engine that drives it. Vision 2030 and beyond demand a new breed of construction leadership. By giving contractors pricing power, real transparency and access to capital that banks never offered, we are empowering the builders who will reshape Saudi Arabia.”
Abdulrahman Bajaber, CEO of Watad 
BeiTPropTechSmart building operating system that integrates IoT sensors and AI to optimize energy consumption, maintenance, and tenant experience.What it does
- Smart building operating system built on IoT sensors and AI
- Maps facilities and assets into a live digital twin
- Guides people through buildings with indoor navigation
- Optimizes energy, maintenance and tenant experience
Pilot feedback
- Managers report clearer operational oversight and better decision-making, with the transparency and insight they need to manage projects.
- Facility management and operations teams describe the dashboards as intuitive, practical and supportive of their daily workflows.
MuftahConTechDigital tendering platform that automates the construction bidding process, connecting contractors with projects through transparent, data-driven matching.What it does
- Digital tendering for construction projects
- Automates the bidding process
- Matches contractors to projects with transparent, data-driven scoring
In Cohort One
- Running a live proof-of-concept pilot with NeoCity partners in the region.
RensairSmart InfrastructureHospital-grade air purification technology combining HEPA filtration with UVC light, designed for deployment in commercial buildings and public spaces.What it does
- Hospital-grade air purification combining HEPA filtration and UVC light
- Balances indoor air quality with HVAC energy use
- Cuts building emissions linked to HVAC
Pilot targets
- 30%+
- HVAC energy reduction across a 300 m² pilot zone
- 6.5 t
- CO₂e emissions reduction
- 1 to 3 yrs
- Payback period
- The sustainability team reports clear visibility on ROI and an easy integration.
- Rensair works with the host team to build in-house expertise on air quality and energy.
- 01
Investment
$100K before the proof of concept, and up to $1M after it.
- 02
Live pilots
Real-world proof-of-concept projects with tier-one developers to validate the technology and prove ROI.
- 03
Partners
Access to 25+ implementation partners including Retal, Parsons, Aqar and Canon.
- 04
Operator
Owned and operated by SWG Middle East with oversight from NTDP, with mentorship and operational support.
Cohort One founders
on NeoCity.
“NeoCity has been a cornerstone in our journey at Livixa, refining our direction, providing invaluable mentorship, and opening doors to meaningful exposure. It didn’t just support our vision, it expanded it.”
Zain TariqCEO, Livixa“What is essential for us when entering a new market is access to regulators and influential developers. The NeoCity team has been instrumental in connecting us with the right authorities and integration partners, helping us overcome multiple obstacles in a very short time.”
Najib KhanaferCo-Founder & CEO, Rewa“NeoCity gave us more than a platform: it immersed us in the heart of Saudi innovation. They set up our local entity and connected us with the right partners, accelerating our ability to launch projects and deliver measurable results.”
Simon HarrisHead of Middle East, Rensair“NeoCity has been instrumental in helping us navigate the complex business and cultural landscape in Saudi Arabia. Their ability to connect us with the right people has opened doors we wouldn’t have reached on our own.”
Wei ZhuangCEO & Co-Founder, Ailytics“NeoCity is helping us get far better feedback on code compliance and how regional practices work across construction, developers, and owners: how they think about projects and manage their relationships.”
Keshav SharmaCo-Founder & CEO, Augrade“NeoCity is the leading gateway for PropTech innovation in the Kingdom. It provides practical access to key industry stakeholders, rooted in real market opportunities, and translates the ambition of entering a new region into clear, actionable steps.”
Miro HachlinecFounder & CEO, BeiT“NeoCity has done the incredible, unlocking prized access to a market while doing so in a high-quality manner, coaching and supporting Outcome along the way. The team took immense effort to participate in client and partner meetings to help us collaborate.”
Prasan KaleCEO & Co-Founder, OutcomeOur flagship accelerator is supported by these partners.
National programs, developers, global technology brands and investors who host pilots and open doors for our portfolio companies.
“We believe the next decade of real estate in Saudi will be defined by technology, AI, data, and automation. That’s why we’re increasingly partnering with and investing in startups building tools that complement our mission of creating a transparent and efficient market. When a technology helps brokers work smarter, supports developers in selling better, or improves user trust, we see it as a natural extension of Aqar’s vision for the ecosystem.”
Ibrahim AshShohailChairman and CEO, Aqar“Our partnership with NeoCity lets us integrate cutting-edge construction and property technology directly into our developments, setting new standards for the industry.”
Eng. Abdullah Faisal AlBraikanCEO, RETAL“NeoCity’s proof-of-concept model transforms how we evaluate early-stage investments. Real-world validation before scaling is a game-changer for venture capital in this sector.”
Haitham AlforaihGeneral Partner, Seedra Ventures
Now accepting applications
Cohort Two is open.
Join NeoCity Invest’s second cohort and help shape the future of PropTech and ConTech in the Middle East. We are looking for partners and startups ready to scale across the Middle East and North Africa.
For startups
Are you solving a real problem in real estate, construction, or property management? We want to understand your vision, problem thesis, and ability to execute.
Opens racetrack.neocityinvest.com
For partners
We are building with implementation partners that have operating depth and the ambition to lead PropTech and ConTech adoption.
A short profile for your organization and primary contact
Who should apply.
Seed to Series A companies building for real estate, construction and the built environment.
Target sectors
- Construction technology and automation
- Property management and operations
- Smart building and IoT solutions
- Sustainable building materials
- AI-driven design and planning
- Infrastructure technology
- Real estate fintech
Stage requirements
- Seed to Series A
- Working product or prototype
- Clear value proposition for real estate or construction markets
- Scalable business model
- Team capable of executing pilots and scaling
What you receive.
Investment, partners, pilots and support for entering the Middle East.
- 01
Direct investment
Equity investment to fuel your growth and product development.
- 02
Strategic partnerships
Access to 25+ implementation partners including Retal, Parsons, Aqar and Canon.
- 03
Live pilots
Real-world proof-of-concept projects with tier-one developers to validate your technology and prove ROI.
- 04
Market access
Fast-track entry to Middle East markets with introductions to key decision-makers.
- 05
Follow-on support
Our portfolio companies secure next funding rounds 40% faster than industry average.
- 06
Expert guidance
Owned and operated by SWG Middle East with oversight from NTDP, you receive mentorship and operational support.
How selection works.
From application to launch in six steps. Applications are reviewed on a rolling basis.
- 01
Application
Submit your application with company details, pitch deck, and product information.
- 02
Initial review
Our team reviews applications on a rolling basis (2 weeks).
- 03
Interview
Selected companies complete video interviews with our investment team.
- 04
Due diligence
Final candidates undergo technical and commercial due diligence.
- 05
Selection
Accepted companies receive investment terms and begin onboarding.
- 06
Launch
Program kicks off with partner introductions and pilot planning.
Questions about
the program.
How much do you invest?
We invest $100K before conducting the PoC, and up to $1M after the PoC.
What equity do you take?
We structure terms competitively based on stage, market, and strategic fit. Details discussed during due diligence.
Do I need to relocate to the region?
No. While pilots happen in the region, teams can operate from anywhere. We support with logistics and local presence.
How long is the program?
The core program is 6 months, with ongoing support for portfolio companies.
What stage companies do you accept?
Seed to Series A companies with working products or prototypes.
How competitive is selection?
Our first cohort selected ten companies from over 1,000 applications (1% acceptance rate).
Ready to apply for Cohort Two?
Questions before you apply? Email cohort2@neocityinvest.com.