Riyadh: Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate General Authority Majed Al-Hogail patronized today the launch of the Global Proptech Summit 2025, organized by the Real Estate General Authority (REGA) in Riyadh, with the participation of prominent figures, experts, and specialists in the real estate and property technology sectors, as well as international speakers representing 85 countries.
According to Saudi Press Agency, in his opening address, the minister highlighted the importance of the summit, which comes amid the remarkable momentum of the real estate sector at the local, regional, and global levels. He noted that the Kingdom is steadily advancing toward achieving the objectives of Saudi Vision 2030, which aims to attract $100 billion in annual foreign direct investment, pointing out that realizing this goal requires systems and technologies that meet the highest global standards of transparency and efficiency.
The opening of the summit featured the announcement of several initiatives and the signing of 30 agreements, including agreements valued at more than SAR15 million to support the property technology sector.
The two-day summit sessions address the regulatory framework for real estate technology, innovation, and entrepreneurship in shaping the future of real estate technology, the transformative potential of 3D printing from concept to real-world application, and the role of virtual reality and artificial intelligence in shaping the future of real estate and automating its operations and services. The discussions also cover proptech solutions for urban development and smart decision-making that stimulate investment and enhance financial sustainability.