Global Proptech Summit Concludes in Riyadh, Issues Final Statement

Riyadh, The final statement of the Global PropTech Summit emphasized the importance of investing in real-estate technologies, enhancing the digital economy, and encouraging real-estate developers to adopt advanced property technologies in construction and infrastructure development, all with the aim of building vibrant and sustainable communities that meet future demands.
The statement was issued at the conclusion of the Global PropTech Summit held in Riyadh on October 27-28, organized by the Real Estate General Authority (REGA) in strategic partnership with the National Housing Company (NHC).
The summit featured 50 scientific and panel sessions, 40 workshops, and presentations by over 100 speakers from 80 countries, attracting nearly 9,000 participants and over 450,000 online viewers over its two days.
Real-estate and property-technology leaders recommended increasing awareness in real-estate technologies and expanding events that promote continuous engagement among stakeholders.
They also emphasized the need to develop or introduce new real-estate regulations aligned with the rapid advancements in technology integration within the Kingdom of Saudi Arabia’s real-estate sector.
— SPA