During his speech at the opening of the summit, Al-Sulaiman added that the Real Estate Registry has created a real estate map with an accuracy of up to centimeters, the first of its kind in the Kingdom.
The head of the Real Estate Registry explained that more than 1.6 million properties have been declared for the first in-kind registration in five cities, and more than 350,000 title deeds have been issued by the Real Estate Registry.
Sulaiman announced that the Real Estate Registry has created a real estate map with an accuracy of up to one centimeter, the first in the Kingdom. <Sulaiman announced the launch of the Real Estate Technology Sector Empowerment Strategy aimed at enabling real estate technology companies to create value-added products and services. for the sector.
“We launched the API technical connectivity initiative, which allows real estate technology companies to benefit from reliable real estate data such as verification and query services and real estate transaction data.”
Sulaiman said that a number of signatures have been signed to enable real estate technology companies to create products and services that add value to the sector. He said that agreements have been signed with 6 real estate technology companies within the “Sandbox” pilot environment to benefit from data and information for real estate properties and real estate deals.
Sulaiman said. Al-Sulaiman noted that the big data provided by the Real Estate Registry will be a reliable source of information for all sectors, enabling them to make decisions based on numbers and facts.
He emphasized that the real estate registry will be a reliable source of information for all sectors, enabling them to make decisions based on numbers and facts. <He stressed that the Real Estate Registry is the choice of real estate technology companies to obtain data and information that they can rely on to provide innovative solutions and services to their customers.
The Saudi capital Riyadh will host the Global Proptech Summit, organized by Public Authority for Real Estate under the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, and in strategic partnership with the National Housing Company (NHC). The summit will be attended by prominent personalities, global experts and specialists in the fields of real estate and real estate technologies, in addition to more than 100 speakers representing 80 countries, sharing their experiences and expertise with thought leaders and CEOs of major real estate and real estate technology companies, as well as investors from around the world.
<The summit will focus on the journey of digital transformation in the real estate sector, the role of emerging technologies in shaping the future of "Proptech", in addition to the latest innovations in modern construction techniques, virtual reality and artificial intelligence technologies that contribute to the automation of real estate operations and services. The summit will also highlight the applications of Proptech solutions in urban development and its role in making smarter decisions to optimize investments and financial sustainability.
The summit will also highlight the applications of Proptech solutions in urban development and its role in making smarter decisions.
In addition, the summit will host a host of leading real estate platforms, fintech companies, entrepreneurs and experts, as well as consulting firms, training institutes and developers. The events include a number of launches and agreements that support the real estate technology sector, and the summit covers multiple topics, most notably: Legislation regulating real estate technology, innovation and entrepreneurship, and the role of 3D printing technology in turning plans into reality.
The summit provides a platform for collaboration. <The summit provides a platform for collaboration with global entities and a gateway for startups and leading companies to showcase their innovative solutions and meet investors and venture capitalists, as the volume of investments in the "Proptech" market reached 42.13 billion US dollars during the year 42.13 billion US dollars in 2023, with the number of active investors increasing to 3347 investors and 2177 leading companies around the world. Riyadh, with its strategic geographical location connecting three continents and the strength of its real estate market, is an ideal springboard for global innovations in real estate technology, reinforcing the Kingdom's role as a leading center in this field.
