Investors Show a Growing Appetite for Proptech in the Middle East and Africa
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As highlighted in our first article on Proptech titled “Is a Proptech Revolution on Its Way in the Middle East and Africa?”, the property sector in the Middle East and Africa (MEA) is at a critical juncture, facing a range of challenges that threaten to hamper economic growth, from housing affordability and infrastructure deficits to the environmental impact of urbanization. In Sub-Saharan Africa, for instance, a housing deficit of over 51 million units, driven by rapid urbanization and population growth, has created an urgent need for innovative solutions. At the same time, the Gulf Cooperation Council (GCC) countries, where real estate contributes more than 10% of GDP, are struggling with inefficiencies in supply chains and long licensing timelines
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