<ul><li>The UAE and Saudi Arabia have significantly reduced their reliance on oil in their economies over the years, leading to a shift towards construction, infrastructure, and real estate development.</li><li>MENA faces a shortage of skilled workforce in the built environment industry, with estimates suggesting a shortage of 663,000 skilled workers in Saudi Arabia by 2030, resulting in around USD 207 billion opportunity cost.</li><li>The MENA region is embracing proptech solutions to meet the challenges in the built environment sector, with advancements in genAi technology playing a key role in increasing workforce efficiencies and productivity.</li><li>Initiatives like The Dubai PropTech Hub are driving the adoption of proptech in the MENA region, with a focus on supporting startups and enabling legacy players to scale operations despite talent constraints.</li></ul>

Proptech rising to the challenge in MENA’s ambitious transformation

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