PropTech, also known as "property technology," is the innovative intersection between technology and the real estate sector, contributing to keeping up with developments in this field and maintaining competitiveness in the era of rapid technological advancement.
Many industries have witnessed significant technological developments over the past years, and the real estate sector has had a substantial share of these advancements. In Saudi Arabia, PropTech forms an important part of Vision 2030, as the government seeks to promote innovation, utilize smart technologies, empower entrepreneurship, and develop supportive platforms that employ market technologies and enhance reliability.