The Ministry of Justice has revealed the digitization of about 160 million real estate documents, as part of the Digitization of Real Estate Wealth initiative, one of the Ministry's initiatives in the National Transformation Program.Net.sa/55340/">Digitization of Real Estate Wealth, one of the Ministry's initiatives in the National Transformation Program.
The initiative aims to archive paper deeds, by scanning them electronically, molding their data and developing all real estate wealth management procedures to become digital and free of paper transactions.
The initiative is working on a track to digitize real estate wealth. <The initiative works on two tracks: Digitizing the assets of real estate documents, and the second: Transforming real estate wealth management procedures into a fully electronic digital procedure, with the aim of enhancing real estate security and upgrading the level of documentation services.
The initiative works on two tracks: digitizing the originals of real estate documents, and the second. The Real Estate Wealth Digitization Initiative aims to register and preserve the state property and real estate ownership of citizens, companies and others within a secure electronic system, in addition to supporting and developing the Saudi real estate sector and increasing the level of efficiency in the implementation of sale, purchase, mortgage and other real estate documentation services with high speed and accuracy.
