The second day of the Global PropTech Summit, organized by the Real Estate General Authority under the patronage of Minister of Municipalities and Housing Majed Al-Hogail and in strategic partnership with the National Housing Company, is continuing today in Riyadh with the participation of prominent figures, experts, and specialists in real estate and property technology, in addition to international speakers from 80 countries. Speakers at the two-day summit stressed the importance of innovation in delivering value-added services that enhance beneficiary satisfaction and meet their aspirations. This includes leveraging emerging technologies, artificial intelligence (AI) applications, and other advancements to elevate the real estate sector, improve its regulatory environment, and open up investment opportunities. They also highlighted the role of PropTech in achieving digital transformation, enhancing transparency and efficiency, and positioning Saudi Arabia's real estate sector as a global leader in digital real estate transformation, thus boosting competitiveness in PropTech and contributing to creating sustainable urban residential communities. The summit showcased innovative technologies, products, and services, focusing on the latest advancements in modern construction technology. Topics included the role of virtual reality and AI in shaping the future of real estate, automating operations, transforming services to drive efficiency and effectiveness, and diversifying revenue sources, aligning with maximizing the benefits of the digital transformation taking place across the Kingdom. The Global PropTech Summit plays a pivotal role in shaping the future of the real estate sector by fostering global collaboration, promoting sustainable practices, and identifying innovative solutions. It serves as a valuable event for real estate practitioners and technologists seeking to stay at the forefront, expand their networks, and contribute to the advancement of the industry. Source: Saudi Press Agency
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