Under the sponsorship of the Saudi Real Estate General Authority, Riyadh, KSA was the venue for the innovative Saudi Proptech event held on 6-7 November 2023 at Riyadh’s Four Seasons Hotel. This visionary platform is poised to reshape the real estate sector, bringing together technology, innovation, and strategic partnerships for a transformative impact.
The event was graced by the active participation of over 40 esteemed local and international luminaries and was unlike any traditional standard conference. Here, the merging of pivotal industry stakeholders, startups, investors, real estate developers, and international Proptech entities transpired, cultivating an ecosystem conducive to economic diversification in alignment with KSA’s ambitious economic strategies.
The event transformed into a central hub for thought leadership, punctuated by discussions that not only influence market dynamics but also stimulate investment in the rapidly expanding realm of proptech. Saudi Proptech is striving towards leveraging the transformative potential of technology in the real estate sector. In a more expansive context, it aims to position KSA as a global player in the adoption and integration of innovative solutions in order to establish the Kingdom as a hub for real estate technology advancements.
An accreditation from the authority’s head
President of the Real Estate General Authority Eng. Abdullah bin Saud Al Hammadi emphasised the strategic significance of the event in alignment with KSA’s key objectives. The main objective is to launch new markets that both actively support innovation within the real estate sector through the integration of cutting-edge technologies and contribute to diversifying income sources for the national economy.
He elaborated, “Saudi Proptech marks a significant shift for the real estate sector to leverage technologies that enhance services and improve the customer journey.” In a more detailed analysis, he shared the multifaceted goals of Saudi Proptech, characterising it as a contemporary and forward-looking initiative with optimistic impacts across the international and local fronts within the real estate landscape. By serving as a platform to showcase and emphasise the latest technological advancements, the event is poised to stimulate increased investment in real estate technologies, as well as leverage the strong capabilities and investment incentives of the national economy.
A milestone for knowledge, networking, and innovation
The recently concluded Saudi Proptech event stands as a monumental milestone in the real estate sector, orchestrating intricate and highly effective investor matchmaking processes. This strategic gathering went above and beyond by introducing engaging initiatives, notably the exclusive Majlis, which not only elevated the summit’s stature but also fostered extensive networking opportunities among industry leaders, influencers, and key stakeholders. Beyond a mere networking platform, this event emerged as a transformative force, seamlessly connecting dynamic entrepreneurs with discerning investors who are instrumental in driving the industry’s growth.
Participants were not only part of a prestigious gathering but also immersed themselves in a wealth of invaluable insights. The event’s agenda was curated to include compelling keynote speeches, interactive panel discussions, and immersive workshops. These sessions delved deep into the latest trends, best practices, and innovative solutions prevailing in the dynamic Proptech industry. The exchange of knowledge and ideas within this intellectual space contributed to a diverse toolkit of information that promises to shape the future of real estate technology.
A hallmark of the event was the expansive exhibition space which was not only a display of cutting-edge technologies and solutions, but was also a testament to the perpetual disruption within the real estate market. Thoughtfully planned to showcase new innovations, the exhibition served as a showstopper for both industry enthusiasts and professionals alike. A unique feature at the event was the Majlis which provided a bespoke and private setting for Proptech startups and MENA investors to network and pitch ideas.
This personalised platform became the space for fostering opportunities, enabling entrepreneurs to secure the vital funding necessary for scaling their ventures in a competitive market. By bringing together thought leaders, facilitating meaningful connections, and providing a robust platform for the exhibition of cutting-edge technologies, the Saudi Proptech event has undoubtedly left an indelible mark on the trajectory of innovation within the entire Proptech sector.
A diverse and prestigious advisory board
The event’s advisory board included key names such as Bassam Alwabel of Growth Square Investments, Markus Fuhrmann of Gropyus, and Dirk Paelinck of the European Proptech Association, to name a few. These industry leaders represent the commitment to bridge connections between decision-makers, investors, and innovators.
With international and governmental experiences showcased at the event, Eng. Abdullah bin Saud Al Hammadi, President of the General Authority for Real Estate, emphasises the unwavering commitment of the Authority to raise Saudi Proptech into a beacon of qualitative excellence. This commitment is exemplified by the deliberate inclusion of international innovators, distinguished speakers, and renowned experts, whose experiences from both government and private sectors will serve as enlightening touchpoints.
Among the stellar features of the event were insights into the advanced real estate technologies employed by the Australian government and the progressive Proptech journey undertaken by Hong Kong. Complementing these perspectives will be a spotlight on European market experiences, along with valuable contributions from esteemed local and international real estate platforms and companies.
As a distinguished event organised by the Real Estate General Authority, it stands as a testament to its commitment to fostering global collaboration and knowledge exchange. Endorsed by leading entities such as the Riyadh Chamber, Monshaat, Jill/Spark, Sedra Ventures, and a host of other influential partners, Saudi Proptech is much more than an event but rather, is a milestone that is set to redefine the future trajectory of the real estate industry. The collaborative support from these esteemed entities highlights the event’s impact both within KSA as well as on a global scale.
Saudi Proptech plays a pivotal role
In this convergence of international perspectives and local expertise, Saudi Proptech assumes a pivotal role in shaping the future landscape of the real estate industry. By providing a platform for the alignment of diverse expertise as well as cutting-edge innovations, the Saudi Proptech event has set new standards, helping drive the evolution of the real estate sector both domestically and globally. Considered a beacon of collaboration and excellence, Saudi Proptech has left an indelible mark on the real estate landscape, propelling it towards strategic advancement as well as cutting-edge innovation.
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