Engineer Abdullah bin Saud Al-Hammad, Chairman of the Real Estate General Authority (REGA), affirmed that the launch of Saudi PropTech marks a significant leap forward for the real estate sector, enabling the use of real estate technologies to offer enhanced products and services and to improve the beneficiary experience. He noted that, as part of REGA’s regulatory role, REGA seeks—through organizing specialized exhibitions and conferences—to stimulate real estate activities, attract investment, and enrich the Saudi real estate market with leading international experiences and practices that help create a more competitive and attractive environment.
Speaking about the goals of Saudi PropTech, Al-Hammad explained that “PropTech,” which refers to the integration of technology into real estate, is a growing trend both locally and globally. By showcasing the latest advancements in this field, REGA aims to promote investment in real estate technologies, create a growth-enabling investment climate, and foster innovation. He added that the Kingdom’s strong capabilities and investment incentives support these efforts. The adoption of PropTech methodologies and the encouragement of companies to embrace them represent a transformation in the way the real estate market develops—enhancing its efficiency and better addressing the needs of beneficiaries. This, in turn, contributes to increasing local content and boosting the sector’s share in the Kingdom’s non-oil GDP. Al-Hammad further stated that REGA is committed to enabling real estate technology projects by integrating them into real estate legislation and regulatory frameworks as part of the broader effort to support digital transformation. He noted that REGA’s strategy includes targeting the opening of new markets that will help diversify national income sources through real estate technologies.
He emphasized that real estate technology—with its vast potential, wide-ranging projects, and growing relevance as a component of quality of life—will be a primary source of real estate investment opportunities in the near future. Its growth is driven by national strategies for scientific research, innovation, digital transformation, information technology, and legislative development in the real estate sector. PropTech has become a fundamental pillar of future real estate projects and investments, expected to deliver a noticeable impact on the development of both social and economic life in the Kingdom.
Engineer Al-Hammad concluded by affirming that REGA ensured Saudi PropTech would be a high-quality event by attracting innovators, international speakers, and experts from both the public and private sectors. The event featured distinguished international experiences, including the Australian government’s approach to real estate technologies, innovations from Hong Kong and the South China Sea region, and the application of real estate technologies in the European market, alongside successful practices presented by real estate platforms and both local and global companies.