In a move that reflects the Kingdom’s ambition to develop a smarter and more sustainable real estate sector, the General Real Estate Authority through ProTech Saudi Center a comprehensive ecosystem of initiatives aimed at shaping an innovative real estate future based on technology and knowledge. These efforts align with the objectives of Saudi Vision 2030 to promote digital transformation and enhance the efficiency of the real estate market and its investment appeal.
The initiatives encompass four main pillars that form an integrated ecosystem supporting innovators at various stages of their journey:
1. Experimental Regulatory Environment:
It provides a safe space to test new real estate products and technologies in a controlled environment, contributing to the development of flexible future legislation that supports innovation and growth.
2. ProTech Council:
A dialogue platform that brings together thought leaders and experts to discuss key challenges and explore opportunities, while building an effective network that connects investors with innovators and decision-makers.
3. Global PropTech Summit:
A prominent international event bringing together elite experts and investors from around the world, aimed at cementing the Kingdom’s position as a major hub for the real estate technology industry and showcasing the latest global trends in the field.
4. Real Estate Technology Accelerator:
An intensive program to support startups and entrepreneurial ventures by providing them with the guidance and resources needed to develop their businesses and expand their reach locally and regionally.
The Authority emphasized that these initiatives represent a strategic roadmap for building a modern real estate sector based on innovation and technology, which will enhance its global competitiveness and make Riyadh a leading destination in the field of real estate technology.
