The activities of the first day of the Global Proptech Summit 2025 ended, where a number of sessions were held in the presence of a number of symbols of the real estate sector within the Kingdom, who made a number of explanatory statements about the status of the real estate market within the Kingdom of Saudi Arabia and the future vision of the sector, and we will review the most prominent statements throughout the day's sessions.

Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail

Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail said about stable currencies that stable currencies processed $9 trillion worth of transactions during 2025, as the Kingdom views stable currencies as a strategic shift, pointing out that Riyadh will become a global model for modern real estate financing, pointing out that the experimental environment in the Kingdom has succeeded in attracting local and international companies specialized in coding models and partial ownership of real estate.

Riyadh City will become a global model for modern real estate financing, pointing out that the experimental environment in the Kingdom has been successful in attracting local and international companies specialized in coding and partial ownership models for real estate. During one of the sessions of Proptech Summit 2025, Mohammed bin Abdullah Al-Qwaiz, Chairman of the Board of the Saudi Capital Market Authority, said that the role of the financial market is a platform to finance the economy and its pioneering projects and turn them from dream to reality, pointing out that the size of real estate funds, which are the oldest financing products for the real estate sector, is close to 300 billion Saudi riyals.

Real estate funds, which are the oldest financing products for the real estate sector, are about 300 billion Saudi riyals. He noted that the listed real estate sector in the Saudi market is more than 182 billion riyals between real estate development companies and real estate investment funds, and today there are 24 companies in the real estate sector listed, and 6 of them were launched only in the current year, adding that the Kingdom ranks fifth or sixth in the world in terms of financing through the stock market in its various sectors.

He pointed out that the size of the real estate sector is close to 300 billion Saudi riyals. He pointed out that the volume of foreign investment in the Saudi financial market at the level of the stock market only exceeds 500 billion Saudi riyals, while the volume of foreign investors in the investment funds sector is close to 50 billion Saudi riyals, stressing that the Saudi financial market has become on the world map in terms of investment, future opportunities and financing.

During the session, he said that the Kingdom ranks fifth or sixth in the world in terms of financing through the stock market in its various sectors. During the session, His Excellency Dr. Saad Al-Qasabi, Governor of the Saudi Standards, Metrology and Quality Organization, said that the Kingdom has advanced in the UNIDO index thanks to the initiatives and vision programs 25 places to become the 20th, and the Kingdom seeks to be among the top 10 countries in this index.

He pointed out that there is a number of foreign investors in the sector of funds close to 50 billion Saudi riyals. He pointed out that there are more than 53 technical teams that ensure that Saudi specifications meet global requirements, stressing that they are keen on the participation of the private and government sectors, adding that they hosted the Saudi Building Code and SASO was the engine for the development and application of the code.

Engineer Abdullah Abdullah Abdullah said that the Kingdom has advanced in the UNIDO Index thanks to the initiatives and programs of the vision 25 places to become the twentieth. Engineer Abdullah Al-Hammad, CEO of the General Authority for Real Estate, emphasized that the proptech market is one of the fastest growing markets globally, where the market size in 2024 was estimated at $86 billion and is expected to reach $133 billion by 2032, noting that digital transformation contributed to reducing operational costs for the government sector by about 60%.

Hammad stressed that the increase in the supply of Saudi specifications is in line with global requirements, stressing that they are keen to participate in the private sector and the government. He stressed that increasing the real estate supply has become a strategic goal, especially in the city of Riyadh, where they aim to reach 70% by 2030, explaining that the housing program is one of its technical pillars, which helps in easy access to the real estate product, and the Ejar platform contributes to stimulating development and reassuring investors.

Digital transformation contributed to reducing the operational costs of the government sector by about 60%.

Global Proptech Summit 2025. Justice: We support digital transformation in the real estate sector through “Najeez”

During the World Proptech Summit session, Abdulrahman Al-Muzayel, Director of Justice Services Centers “Najez”, stressed that the Ministry of Justice is one of the pioneers in technological development, which is reflected in various transactions, including real estate transactions, where digitization has been shifted to digitization, and technology has become an aid to prove rights and properties.

During the World Proptech Summit 2025, Abdulrahman Al-Muzayel said that the Ministry of Justice is one of the first entities to develop technology. He added that the Ministry of Justice did not limit itself to the technical presence only, but created spatial centers with a fully automated journey, pointing to the Najiz platform derived from Vision 2030 to create a unique experience for the citizen, as all judicial services do not need paper or pen, as the service is requested through the platform or centers electronically.

Abdulrahman Al-Marri explained that the Ministry of Justice is the leader in technological development.

Abdulrahman Al-Muzayal explained that real estate transactions in the past were based on reviewing the notaries and were paper transactions, but the situation has changed and the reality in the Kingdom has become like dreams for others tomorrow, adding that the time to obtain the service through the Najez platform does not take minutes now, with a higher percentage of security than before, commenting: “With the push of a button, the process is resolved in a short time,” and if the beneficiary goes to the local centers, he gets the best service, and the processes inside them are done in an electronic way, and the processes are automated, and what is done in the centers is the same as what is done in the platform.

Najez platform.