Real estate entrepreneurship is on the rise Saudi Arabia Pushes Policies to Accelerate Prop Tech Growth

The Kingdom promotes real estate entrepreneurship by supporting innovation and developing prop Tech policies to achieve Vision 2030.

Posted in

Saudi Arabia's institutions are paying wide attention to supporting prop Tech in the real estate sector, considering it a strategic pillar to support the sector and develop its policies in a way that achieves the goals of the Kingdom's Vision 2030, in addition to enhancing the real estate environment within the Kingdom.

Saudi Arabia's institutions are paying wide attention to supporting entrepreneurship in the real estate sector.

Supporting entrepreneurship in the real estate sector

Diverse efforts at the official and governmental level have been made to support entrepreneurship in the government sector, as the General Real Estate Authority (GRA) established the “saudi prop Tech hub”, which is concerned with providing support mechanisms for entrepreneurs and startups in the real estate sector, in addition to launching regulatory initiatives for the real estate entrepreneurship sector to provide innovative models to support the sector.

In July 2025, the General Authority for Real Estate announced the start of accepting applications from startups in the sandbox, and these steps taken by official government agencies contribute to creating a flexible environment to support real estate innovations and encourage entrepreneurs to enter the sector.

Within the framework of supporting the real estate entrepreneurship sector, the “Prop Tech hub” is concerned with support mechanisms for entrepreneurs and startups in the real estate sector. Within the framework of supporting the entrepreneurship sector in general within the Kingdom, Monshaat announced in its report for the second quarter of 2025 that the SME sector witnessed financing worth 3.2 billion riyals during the first half of 2025, and Monshaat recorded an increase in the number of commercial records, reaching 1.6 million commercial records by the end of 2024.

The growth in the financing of SMEs in the Kingdom of Saudi Arabia is part of the growth in the number of commercial registrations. The growth in prop Tech financing is evidence of investor confidence in real estate development technology, as reports indicate that the Kingdom has taken a leading position in the number of prop Tech deals among emerging markets, and according to the "techsci research" report, the prop Tech market size during 2024 reached more than $ 864 million and is expected to grow at a compound annual growth rate of 19.09% until 2030.

On October 2025, Monsha'at organized the first half of the first half of the year. In October 2025, the General Real Estate Authority organized the Global Prop Tech Summit in Riyadh with the participation of about 80 countries to discuss the future of Prop Tech, and the major projects implemented by the Kingdom such as Neom, Qiddiya and The Line are a key element in increasing the demand for Prop Tech technologies.

Major projects implemented by the Kingdom such as Neom, Qiddiya and The Line are a key element in increasing the demand for Prop Tech technologies.