Month: October 2025

President of the Real Estate Authority at the Proptech Summit: The global real estate technology market exceeded $86 billion in 2024

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Reading time: < 1 MinuteAbdullah bin Saud Al-Hammad, CEO of the General Real Estate Authority, stated that real estate technologies are experiencing rapid growth driven by an increasing reliance on artificial intelligence in the development of real estate solutions and project management. During his speech at the opening of the Global PropTech Summit on Sunday, Al-Hammad revealed that global investments in AI-powered real estate companies reached $630 million in 2023, … Read more

Infographic: 4 integrated initiatives to create an innovative real estate future in Saudi Arabia

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Reading time: < 1 MinuteIn a move that reflects the Kingdom’s ambition to develop a smarter and more sustainable real estate sector, the General Real Estate Authority, through the Saudi Proptec Center, is spearheading a comprehensive suite of initiatives aimed at shaping an innovative real estate future driven by technology and knowledge. These efforts align with the objectives of Saudi Vision 2030 to promote digital transformation and enhance the efficiency and investment appeal of the real estate market. The initiatives encompass four main pillars … Read more

1.061 billion riyals deposited to the beneficiaries of the housing subsidy program for October

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Residential program

Reading time: < 1 MinuteThe Real Estate Development Fund announced today that it has deposited 1.61 billion riyals into the accounts of beneficiaries of the housing support program administered by the Ministry of Municipalities and Housing and the Real Estate Development Fund for the month of October 2025. The Real Estate Fund explained that the total support for October was allocated to subsidize the profits of various housing support program contracts, as part of efforts to support and improve beneficiaries’ ability to own homes, in order to achieve the objectives … Read more

Al-Haqeel at the Global Proptech Summit: We are moving to integrate “stable currencies” in the real estate sector 

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The Second Forum Real Estate Balance - Al-Haqeel

Reading time: 2 MinutesThe Global PropTech Summit in Riyadh, organized by the General Real Estate Authority on October 26 and 27, 2025, important remarks by the Minister of Municipalities and Housing, His Excellency Mr. Majid bin Abdullah Al-Hogail, who affirmed that stablecoins have become one of the fastest-growing sectors in digital finance worldwide, with a market value exceeding $300 billion, which reflects the transformation … Read more

Major U.S. real estate company plans to invest in Saudi Arabia next year

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International Monetary Fund Riyadh office market

Reading time: 2 MinutesHines, a U.S.-based company and one of the world’s largest real estate developers, is preparing to launch a major expansion plan in Saudi Arabia in 2026, a move that reflects the appeal of the Saudi real estate market, which has become one of the most active construction and development markets in the Middle East. According to a report published by Bloomberg, the Houston-based company, which manages assets … Read more

From the top of the PropTech. Mohammed Al-Qwaiz: Saudi Arabia's financial market has moved from local to global

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Reading time: < 1 MinuteMohammed bin Abdullah Al-Qweiz, Chairman of the Saudi Capital Market Authority, said that the Saudi capital market was previously viewed as purely domestic and intended to serve only Saudi investors, but that this perspective has begun to change as the size of the Saudi capital market and the number of participants in it have grown. He commented: “We have begun to move away from a local focus and toward regional leadership, with the ambition to … Read more

300 billion riyals the size of real estate funds in the Kingdom Al-Qwaiz confirms Saudi Arabia's leadership in real estate finance

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Reading time: < 1 MinuteMohammed bin Abdullah Al-Qweiz, Chairman of the Saudi Capital Market Authority, said that the role of the capital market in the economy in general—and the real estate sector in particular—is financing, explaining that the capital market serves as a platform for financing the economy and its entrepreneurial ventures, turning them from dreams into reality. During his speech at the PropTech 2025 Global Summit in Riyadh, he noted that financing … Read more

It kicks off today. The Global Proptech Summit's agenda

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Reading time: 2 MinutesThe Global Proptech Summit kicks off today, Sunday, in Riyadh. The event is organized by the General Real Estate Authority in strategic partnership with NHC Innovation, under the theme “Innovation for a Sustainable Future,” under the patronage of His Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majed bin Abdullah Al-Hogail, and with the participation of a number of specialists in the real estate industry and real estate technologies, as well as more than 100 speakers representing 85 … Read more

«Proptech and Vision 2030 Partnering to create a smarter, more prosperous real estate future

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Reading time: 2 MinutesAs Saudi Arabia moves confidently toward achieving the goals of Vision 2030, the real estate technology sector—“PropTech”—is emerging as one of the key drivers reshaping the national real estate market. While real estate is a fundamental pillar in building the economy and developing communities, technology is leading this transformation toward a smarter, more sustainable, and more transparent environment, in line with the ambitions … Read more

The world is heading to Riyadh 114 tourism ministers gather for Tawariz 2025“

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Reading time: < 1 MinuteThe city of Riyadh will host the “Tourize 2025 Forum” from November 11 to 13, 2025, at the King Abdulaziz International Conference Center. The forum reflects the Kingdom of Saudi Arabia’s growing prominence in the global tourism sector. The “Tourize 2025 Forum” is the first global platform of its kind to be held under the slogan “The Giant Step into the Future,” and according to statements by Minister of Tourism Ahmed bin Aqeel … Read more

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