On her first day… "Probiotic" It reviews the Kingdom’s efforts in real estate technical innovation
The work of the first day of Global Probiotic Summit 2025, held by The General Real Estate Authority in the capital, Riyadh, sponsored by Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail, with wide participation from experts, investors and entrepreneurs in the real estate and technical sectors from inside and outside the Kingdom.
The sessions of the World Protech Summit on its first day discussed multiple topics that focused on advanced management, data analysis, and the role of artificial intelligence in creating the future of real estate and automating its operations and services.
In addition to the role of smart judicial services and the real estate registry. Digital technology in accelerating transactions and enhancing transparency.
Building a sustainable real estate market
The sessions touched on the Kingdom’s 2030 vision of building a sustainable real estate market based on data, in addition to highlighting companies’ initiatives in smart real estate transformation and the experiences of global markets in supporting innovation through modern technical legislation.
The summit also witnessed an expanded presentation of international experiences in the fields of 3D printing. Dimensions, the Internet of Things, sustainability in construction, etc., with a discussion of how the Kingdom can benefit from these technologies to enhance the attractiveness of the local market, raise the efficiency of asset management, and expand financial inclusion.
Maturity of the Saudi real estate market
The participants stressed that real estate technologies have become an essential driver for sustainability and urban development, in addition to that the Saudi real estate market is experiencing a stage of digital maturity that leads it towards more efficient investments. And sustainability, supported by advanced technical infrastructure and major national projects, which represent a true laboratory for applying real estate technologies in various stages of development.
They pointed out the importance of building partnerships between innovators, investors and regulatory bodies, to achieve integration in developing the proptech system from the regulation stage to the innovation stage and pioneering smart real estate solutions.
In addition to enabling innovation, The summit reviewed the efforts of the General Real Estate Authority in establishing the Saudi Proptech Center, a national platform for localizing real estate technologies, and empowering entrepreneurs through the sandbox experimental regulatory environment and specialized business accelerators, which contribute to transforming ideas into real products and economies.
Diversifying sources of income
It is noteworthy that real estate technologies are one of the capabilities that lead the real estate sector to raise its efficiency and effectiveness, and enhance its role in Diversifying sources of income, and maximizing the maximum benefit from the digital transformation that the Kingdom of Saudi Arabia is experiencing in various fields, which contributes to achieving quality of life goals, moving the Saudi real estate sector towards broad horizons of investment opportunities, and attracting investors to create vibrant and sustainable residential communities.
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