REGA Launches Saudi PropTech Hub
Real Estate General Authority (REGA) CEO Engineer Abdullah bin Saud Al-Hammad announced at the opening of the Global PropTech Summit, held here by REGA today, the launch of Saudi PropTech Hub (sph), which aims to serve entities interested in real estate technology, both domestically and internationally.
The hub will provide services designed to strengthen stakeholders in the sector, enhance efficiency, and act as a primary channel for innovation in real estate technologies in the Kingdom.
Al-Hammad highlighted several key initiatives included in sph: the regulatory sandbox, the real estate technology accelerator, the Global PropTech Summit itself, and the PropTech Council.
He said that applications are being accepted from startups wishing to operate within the regulatory sandbox, which aims to develop regulatory frameworks that keep pace with technological advancements while balancing innovation with regulatory requirements in the real estate sector. It will enable startups and innovators to test and implement new technologies in a safe and flexible real-world environment before broader adoption.
The real estate technology accelerator has been launched in collaboration with the National Technology Development Program (NTDP) and the global partner "Startup Wise Guys". It will serve as an incubator, providing essential resources and expertise for growth and expansion.
The Global PropTech Summit is a significant initiative of the sph. It brings together leading minds, experts, major investors, and venture capitalists who support ideas, entrepreneurs, and startups in the technology sector.
The PropTech Council acts as a forum for pioneers and experts in the real estate field, facilitating the exchange of ideas and experience while exploring opportunities and challenges that will guide the sector toward new horizons.
The Global PropTech Summit plays an important role in shaping the future of the real estate sector by increasing global cooperation, promoting sustainable practices, and identifying innovative solutions.
It is an important event for real estate professionals and technologists who wish to stay at the forefront, expand their networks, and contribute to the advancement of the industry.
