Land Registry signs 3 MoUs at LEAP 25 to promote artificial intelligence in the real estate sector

with Huawei, Intelmatics, and Saudi Computing Company to develop AI data, cloud, and analytics solutions.

Posted in

Land Registry has signed three memorandums of understanding (MoUs) to enhance cooperation and partnership in the fields of data, artificial intelligence and cloud solutions, and provide value-added services to the real estate sector, as part of the Land Registry's strategy and vision to stimulate real estate technology and innovate solutions and products that meet the needs of beneficiaries and enrich the sector.

According to Land Registry According to Land Registry, the MoU signed with Huawei aims to enhance cooperation and partnership in storage and preservation devices, equipment, solutions and technologies, cloud computing solutions, and innovation in artificial intelligence and data analysis technologies.

According to Land Registry, the MoU signed with Huawei aims to enhance cooperation and partnership in storage and preservation devices, equipment, solutions and technologies, cloud computing solutions <The MoU with Intellimatix aims to collaborate in data integration and AI services, discuss cooperation in creating value-added services, and partner in developing data services using AI technologies.

The MoU with Saudi Electronic Computers Company (SEC) focuses on cooperation and partnership in the field of providing technical solutions to facilitate the experience of real estate owners, providing data services and analytics to enhance decision-making by investors and partners in the sector, studying, providing and automating work processes for digital and technical services, studying and providing digital enterprise architecture services, cloud computing services, and artificial intelligence services.

The MoU aims to collaborate in data integration and AI services, and discuss cooperation in creating value-added services, and partnership in developing data services using AI technologies. The Real Estate Registry aims through the MoUs to enhance its technical capabilities and utilize the expertise of major companies to develop smart technical solutions, in line with the objectives of the Real Estate Registry to establish a comprehensive real estate registry for all properties in the Kingdom in accordance with the real estate registration system and build an advanced digital platform that enables beneficiaries and property owners to manage their real estate properties easily and conveniently.

The MoUs are in addition to the other MoUs. The MoUs add to the MoUs previously signed by the Real Estate Registry with a number of real estate technology companies and platforms, which will enable them to access the data of the Real Estate Registry, realizing the Kingdom's Vision 2030 and the ambitions of the Real Estate Registry in raising transparency and reliability in the real estate sector.

These MoUs are in addition to the MoUs previously signed by the Real Estate Registry with a number of real estate technology companies and platforms.