SAUDI'S MANZIL TAKES ON THE FUTURE OF WORKER HOUSING

Majeed, the founder and CEO of Menzel, discusses the company's mission to provide labor services in Saudi Arabia. He highlights the demand for worker accommodations due to rapid growth and limited affordable housing. Menzel offers a cost-effective solution for companies like Amazon by providing housing and services at a lower price compared to self-managed accommodations. The company saves large enterprises around 30% and SMEs up to 60%. Menzel currently houses employees from various sectors and has experienced substantial growth. The business model involves creating cool, cost-effective hostels or flat houses. Rajiv describes building compounds across Saudi Arabia to address the lack of suitable housing for laborers. These compounds are designed specifically for blue-collar workers. The unit economics consist of 40% rent and 60% operating services, with pricing between $100-$120 per worker.