Livspace has collaborated with Alsulaiman Group to extend its operations in the Middle East and is planning to invest $50 million in the region. The partners plan to build up the team and hire about 100 employees over operations in the next years, Anuj Srivastava, CEO and Founder of Livspace said.

Livspace is aiming to gain opportunities in the interiors and renovation space in the Middle East and North Africa region beginning with Saudi Arabia. Saudi Arabia’s Vision 2030 initiatives are sparking growth in homeownership. It is also focusing on new mobile applications with AI, ML retail technology and visualisation solutions for the home repair industry.

“Livspace will continue to up its business model in various regions and new markets with the APAC geography. With the help of our technology, deep understanding of the supply fundamentals and the ready launch and scale template, we now dominate the market in India and Singapore. Our platform lets us explore JV models to expand our services in both new and existing markets,” Srivastava said.

• Indian Hume Pipe Soars 9% on Rs 738 Cr Rajasthan Order
• Max Estates Jumps 6% as Q1 Pre-Sales Surges 5x
• Raymond Realty Soars 12% on Q1 Pre-Sales Jump
• Zydus Lifesciences Jumps 4% on Apollo Cancer Test Tie-Up
• Arvind Board Approves Rs 600 Cr Fundraise via QIP

“This partnership with Livspace will enable us to increase the reach of the customer experience from the starting of the design of the home to the execution in an innovative and unique way to turn the dreams of homeowners into reality,” Saud Alsulaiman, CEO of Alsulaiman Group said.