Saudi Arabia's real estate giant ROSHN using AI to enhance efficiency, improve services
Speaking to Arab News on the sidelines of the LEAP 2025 technology conference in Riyadh, Pablo Sanz, executive director of digital products, said: 'We are deploying multiple AI agents … so we can serve you better or we can solve your problems in a more convenient way.'
The move was part of the company's broader strategy to simplify processes and improve accessibility, to assist customers with purchases, moving in and managing services, he said.
Sanz said AI-powered tools were being used to create 3D models of buildings, automate the procurement process, streamline construction, reduce waste, improve efficiency and analyze data on real estate markets.
ROSHN recently partnered with Google Cloud to enhance its AI capabilities. The collaboration is designed to improve data-driven decision making and ensure the company's developments align with the goals of Saudi Vision 2030 for smart and sustainable cities.
'AI is changing how we do a lot of things,' Sanz said. 'The human touch is still important, but AI allows us to work faster and make processes more convenient in many areas, from customer interactions to supplier relationships.'
ROSHN has plans to build fully integrated communities in nine cities across the country and is a key player in the Kingdom's goal to achieve 70 percent home ownership by 2030.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
a day ago
- Saudi Gazette
Societe Generale appointed as primary dealer for Saudi local debt instruments
Saudi Gazette report RIYADH — The Saudi Ministry of Finance and the National Debt Management Center (NDMC) have signed an agreement with Societe Generale, appointing the French banking giant as a primary dealer for the Kingdom's local debt instruments. With this move, Societe Generale joins five other international institutions — BNP Paribas, Citigroup, Goldman Sachs, J.P. Morgan, and Standard Chartered Bank — already designated as primary dealers. It also becomes part of a group that includes ten local institutions: the Saudi National Bank (SNB), Saudi Awwal Bank (SAB), AlJazira Bank, Alinma Bank, AlRajhi Bank, Albilad Capital, AlJazira Capital, AlRajhi Capital, Derayah Financial Company, and Saudi Fransi Capital. The agreement aligns with the Financial Sector Development Program (FSDP), a key pillar of Saudi Vision 2030, aimed at strengthening the Kingdom's financial sector and enhancing the depth and resilience of its capital markets. The Ministry of Finance emphasized that the NDMC continues to play a pivotal role in facilitating access to Saudi Arabia's local debt markets by broadening the investor base. This diversification is intended to ensure sustainable access to the secondary market and support its ongoing for subscription in the primary market of Saudi local debt instruments are received on a scheduled monthly must submit their applications through the appointed primary dealers, who serve as the gateway to market participation under the current regulatory framework.
Argaam
2 days ago
- Argaam
Société Générale hired as primary dealer for local gov't debt instruments
The Ministry of Finance and the National Debt Management Center (NDMC) signed an agreement with Société Générale to appoint the latter as a primary dealer for local government debt instruments. In a statement, NDMC said Société Générale joined five international financial institutions previously enrolled in the primary dealer program. They include BNP Paribas, Citigroup, Goldman Sachs, JPMorgan, and Standard Chartered. This is in addition to the 10 local financial institutions: Saudi National Bank (SNB), Saudi Awwal Bank (SAB), Bank AlJazira, Alinma Bank, Al Rajhi Bank, Albilad Capital, AlJazira Capital, Al Rajhi Capital, Derayah Financial, and Saudi Fransi Capital. NDMC noted that this agreement is part of ongoing efforts to achieve the goals of Saudi Vision 2030 under the Financial Sector Development Program through enabling financial institutions and developing an advanced capital market. It also highlighted the role of the NDMC in enhancing access to local debt markets through diversifying the investor base to ensure sustainable access and support the development of the secondary market.
Asharq Al-Awsat
3 days ago
- Asharq Al-Awsat
Saudi Industry Ministry: Record 144% Surge in New Mining Exploitation Licenses in H1 2025
The Ministry of Industry and Mineral Resources announced on Thursday a significant rise in new mining exploitation licenses during the first half of 2025, marking a 144% increase compared to the same period in 2024. A total of 22 licenses were issued - up from just nine in the previous year - reflecting growing investor interest and the ministry's efforts to create a more attractive and competitive mining environment. The jump is also aligned with the rapid development of the Saudi mining sector, which is undergoing as part of the country's broader push for economic diversification. According to the ministry's spokesperson, Jarrah bin Mohammed Al-Jarrah, 23 companies were granted exploitation licenses during this period, 16 of them receiving a mining license for the very first time. Combined, these projects represent investments exceeding SAR134 million and cover an area of 47 square kilometers. Annual production capacity from the newly licensed operations is estimated at 7.86 million tons of various mineral resources, including salt, clay, silica sand, low-grade iron ore, feldspar, and gypsum. Currently, the Kingdom holds a total of 239 active mining exploitation and small-mine licenses. Of these, 32 fall under Category A, covering high-value minerals such as gold, copper, phosphate, and bauxite, while the remaining 207 are Category B licenses for a range of other minerals, including silica sand, gypsum, limestone, salt, and clay. The ministry underlined its commitment to advancing the mining sector as a central pillar of Saudi Vision 2030. With mineral wealth in the Kingdom estimated at over SAR9.4 trillion, the sector is being positioned as the third key industrial pillar, supporting national efforts to diversify sources of income and drive sustainable economic growth.
