REGA Role in Adopting Emerging Technologies
Artificial Intelligence
Artificial intelligence is rapidly transforming the global economy and society, as it is estimated that its global revenue will reach USD 90 billion by 2025, with an average annual growth of 45%. It is also expected to contribute 14% to global GDP growth by 2030, equivalent to USD 15.7 trillion.
Within the framework of Vision 2030, the kingdom of Saudi Arabia has realized the great economic potential of AI, and has been keen to harness this technology to support economic diversification and promote technical progress, thus consolidating the Kingdom's position as a leading country in the data-based economy.
2030 Vision
Vision 2030 is an ambitious national plan that aims to build a vibrant society, a prosperous economy, and an ambitious nation by harnessing the Kingdom's human and technical resources and potential. The vision attaches great importance to the adoption of emerging technologies, such as AI, renewable energy and digital transformation, to accelerate economic growth and achieve sustainable development.
The readiness of REGA to adopt emerging technologies
In line with the Resolution of the Council of Ministers No. 418 dated 25/7/1442 H, related to the organization of the Digital Government Authority, the readiness award for the adoption of emerging technologies was launched, which aims to:
- Issuing indicators and reports to measure the performance of government agencies in digital transformation.
- Providing support and assistance in financing and adopting modern technologies.
REGA is in line with these trends, as it seeks to enhance its digital capabilities and develop strategic plans to build a modern technical environment that supports innovation and work efficiency.
Globally emerging technologies
The Kingdom seeks to ensure universal access to modern technologies for all segments of society, through projects and initiatives that support communication, accessibility, and digital literacy, especially for vulnerable groups such as women, youth, elders, disabled, low-income groups
Prominent Emerging technologies
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Artificial Intelligence
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Internet of Things (IoT)
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Blockchain
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AR/VR
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Robotics
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Cloud computing
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3D Printing
REGA’s role in using Emerging Technologies
Digital Success Story
REGA is one of the leading authorities in harnessing modern technologies to develop the real estate market in the Kingdom, through:
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Development of indicators based on justice and transparency
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Monitoring Market Trends and Property Values
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Promotion of the real estate market stability and ease of access
Initiative of digital surveillance of cities
In cooperation with the Ministry of Municipalities and Housing, an initiative has been launched to use drones in monitoring cities, with the aim of:
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Monitoring visual distortions
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Detection of encroachments on public and private property.
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Build an accurate digital real estate map.
Impact and output
The segment of beneficiaries
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Property owners
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Investors
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Government and private entities
Used Technologies
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Drones
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Artificial Intelligence
Achieved Results
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80% increase in operational efficiency
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100% accuracy of data collections and plot plans development