The summit kicked off in Riyadh. H.E. Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing, welcomed the guests of the summit, stressing the importance of holding the World Proptech Summit, which comes in conjunction with the great movement witnessed by the local, international and regional real estate sector at all levels, and the Kingdom of Saudi Arabia's determination to make Riyadh a global center in the real estate technology sector led by the General Real Estate Authority to promote the real estate sector, develop its regulatory environment and create its investment opportunities and employ real estate technologies to achieve digital transformation and enhance transparency and efficiency.
In turn, Mr. Al-Hogail stressed the importance of holding the World Proptech Summit, which comes in conjunction with the local, international and regional real estate sector. In turn, the CEO of the General Real Estate Authority, Engineer Abdullah bin Saud Al-Hammad, stressed that digital transformation is an important and pivotal role in all areas of life, especially in the real estate industry, in light of the unlimited support of the wise leadership - may God protect it - for the Kingdom to occupy advanced ranks in digital transformation among the countries of the world, and that the "Authority" seeks to make the Saudi real estate sector a leader in digital transformation processes at the level of global experiences, which enhances competitiveness in the fields of "Proptech“.
For his part, the CEO of the General Authority for Real Estate pointed out that the real estate technology sector is being led by the General Authority for Real Estate to promote the real estate sector and develop its regulatory environment and develop its investment opportunities. For his part, the CEO of the National Housing Company, Eng. Mohammed bin Saleh Al-Batti, pointed out that the company's work in developing digital platforms in partnership with the public and private sectors comes to enhance confidence in the real estate sector, re-engineer procedures, facilitate the journey for customers through these digital platforms, and provide innovative value-added services that raise the level of beneficiary satisfaction and achieve their aspirations.
The sessions also discussed the role of the National Housing Company in the development of digital platforms in partnership with the public and private sectors. On its first day, the Global Proptech Summit sessions discussed advanced management and data analysis, the role of emerging technologies in shaping the future of Proptech, the latest in modern building technologies, the role of virtual reality and artificial intelligence in creating the future of real estate and automating its processes and services, in addition to talking about Proptech solutions in urban development and making smarter decisions that contribute to the development of investments and enhance financial sustainability.
Global Proptech Summit guests also discussed advanced management and data analysis, the role of emerging technologies in shaping the future of ”Proptech“ and the latest in modern building technologies, the role of virtual reality and artificial intelligence in creating the future of real estate and automating its processes and services. Guests of the “Summit“ noted the importance of holding companies at the local, international and regional levels and benefiting from real estate technology experiences that lead the real estate sector at the level of all countries to new horizons.
The summit witnessed the launch of the real estate industry and the automation of its processes and services. The summit witnessed the launch of the General Authority for Real Estate ”Saudi Proptech Center Sph“ to be a center that serves all those interested in real estate technology from inside and outside the Kingdom, and provides services that contribute to empowering stakeholders in the sector and raising its efficiency, and to be the main channel for innovation in real estate technologies in Saudi Arabia, in addition to the signing of a number of agreements to attract accelerators that adopt global best practices, support and encourage technology companies in the real estate sector and provide incentives and consultations to them and enable them to start their business, and to provide digital insurance services.
The summit witnessed the signing of a number of agreements to attract accelerators that adopt international best practices, to support and encourage technology companies in the real estate sector and provide incentives and consultations to enable them to start their business, and to provide digital insurance services.
It is noteworthy that real estate technologies are one of the enablers that lead the real estate sector to increase its efficiency and effectiveness, enhance its role in diversifying sources of income, maximize the maximum benefit from the digital transformation that the Kingdom of Saudi Arabia is experiencing in various fields, contribute significantly to achieving the quality of life targets, and take the real estate sector towards broad horizons of investment opportunities and attract investors to create vibrant and sustainable residential communities.
Real estate technologies are one of the enablers that lead the real estate sector to increase its efficiency and effectiveness and enhance its role in diversifying sources of income.
