RIYADH: The final statement of the Global PropTech Summit has emphasized the significance of investing in real-estate technologies, enhancing the digital economy, as well as 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, according to the Saudi Press Agency (SPA).
The SPA reported that the statement was issued at the conclusion of the Global PropTech Summit held in Riyadh on October 27-28. The summit was organized by the Real Estate General Authority (REGA) in strategic partnership with the National Housing Company (NHC), the SPA reported.
The summit featured around 50 scientific and panel sessions, about 40 workshops, and presentations by more than 100 speakers from 80 nations, attracting about 9,000 participants and more than 450,000 online viewers over its two days.
Real-estate and property-technology leaders also recommended increasing awareness in real-estate technologies and expanding events that promote continuous engagement among different stakeholders.
They 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 (KSA) real-estate sector.