The Global PropTech Summit, organized by the Real Estate General Authority (REGA) in Riyadh, continued its activities for the second day. The summit is held under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, and in strategic partnership with the National Housing Company (NHC). It brings together prominent figures, experts, and specialists from the real estate and PropTech sectors, along with international speakers representing 80 countries worldwide.
During the summit, speakers underscored the critical role of innovation in delivering value-added services that enhance beneficiary satisfaction and fulfill their aspirations. They highlighted the significance of leveraging emerging technologies—particularly artificial intelligence and smart applications—to drive the evolution of the real estate sector, develop its regulatory framework, and create new investment opportunities. The discussions emphasized the importance of real estate technologies in achieving digital transformation, improving transparency and efficiency, and positioning the Saudi real estate sector as a global leader in digital transformation. This progress is set to enhance the Kingdom’s competitiveness in PropTech fields while supporting the creation of sustainable urban residential communities.
The second day of the summit also featured exhibitions of cutting-edge technologies, products, and services, including advancements in modern construction methods and the integration of virtual reality and artificial intelligence into real estate operations. These innovations are reshaping the future of real estate by automating services, improving operational efficiency, supporting income diversification, and maximizing the benefits of Saudi Arabia’s ongoing digital transformation.
It is worth noting that the Global PropTech Summit, launched in Riyadh, contributes significantly to shaping the future of the real estate sector by fostering international cooperation, promoting sustainable practices, and identifying forward-thinking solutions. The summit serves as a key platform for real estate and technology professionals seeking to stay ahead of industry trends, expand their networks, and drive progress within the sector.