Financial district in Riyadh earns SmartScore Neighborhood certification

Financial district in Riyadh earns SmartScore Neighborhood certification
Financial district in Riyadh earns SmartScore Neighborhood certification

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Jeddah - Yasmine El Tohamy - RIYADH: The Saudi Real Estate Registry has been honored with the 2024 Special Achievement in GIS (SAG) Award, presented by the Environmental Systems Research Institute (Esri), the Saudi Press Agency reported.

The accolade, awarded at the international Esri User Conference in the US, recognizes the registry’s innovative application of geographic information system technology.

According to the SPA, Mohammed Al-Sulaiman, CEO of the Saudi Real Estate Registry, received the award from Esri CEO Jack Dangermond, highlighting the organization’s exceptional use of spatial technologies and AI-supported geospatial data predictive analysis. The registry has developed a detailed geospatial map of Saudi Arabia’s real estate using ArcGIS and Esri technologies.

“This award confirms our world-class implementation of GIS technologies,” Al-Sulaiman said. “It supports our vision of creating a comprehensive real estate registry for all property data and information in the Kingdom, with geospatial surveying as the foundation for property registration.”

Since its inception, the Real Estate Registry has employed a range of advanced technologies in executing geospatial operations, including drones, digital geospatial solutions and systems, remote sensing, AI and satellite-based GPS, the SPA reported.

The registry aims to produce a reliable and updated real estate map, the first of its kind in the Kingdom, covering more than 100,000 sq. km of urban areas, encompassing 8 million plots and generating 5,000 terabytes of data.

Al-Sulaiman said that the initiative will enhance transparency and reliability in the real estate sector, ensuring its sustainability, and boosting its investment appeal and contribution to Saudi Arabia’s gross domestic product, in line with the goals of the Kingdom’s Vision 2030.

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