Kuwait's Al-Hisba Elevates GCC Real Estate Tech on Global Stage

Background

Kuwait City, Kuwait – Al-Hisba, a leading Kuwaiti digital real estate platform, has garnered significant international recognition, securing a nomination for the prestigious 2025 UN World Summit Awards (WSA). This selection positions the homegrown technology firm to represent Kuwait in the Business and Trade Category, highlighting its innovative contributions to the regional real estate sector.

Market Context

The World Summit Awards, a United Nations initiative, acknowledges digital innovations that deliver societal impact and advance Sustainable Development Goals. Al-Hisba’s nomination underscores its role in developing sophisticated digital real estate solutions and fostering greater transparency within the local market.

Local Relevance

Khaled Al-Otaibi, General Manager of Al-Hisba, emphasized the national pride in this achievement. He noted that the nomination reflects strong confidence from government bodies and the financial sector in the platform's data accuracy and influence. Al-Hisba has rapidly become a pivotal digital tool in Kuwait's dynamic property landscape.

Outlook

Co-founder Ahmad Al-Luhaib attributed the platform's success to its advanced technological framework. He stated, "Our system, built on big data and smart algorithms, significantly improves the precision of real estate decision-making for investors and individuals alike."

Founded in 2018 by experts in real estate, banking, and technology, Al-Hisba was the first Kuwaiti application to offer comprehensive digital services for property transactions, auctions, analysis, and valuation. This innovation aligns with Kuwait's broader economic diversification goals.

The platform's selection enhances Kuwait's image as a growing hub for technology and innovation within the GCC. Such digital advancements are crucial for attracting investment and modernizing key economic sectors across the region. Deputy General Manager Eng. Muneera Al-Mutairi also confirmed Al-Hisba's ambition to expand its offerings. She revealed plans for developing unified Gulf solutions, encompassing auctions, real estate data, maps, and property valuations, signaling a strategic regional outlook.

This global recognition for Al-Hisba not only celebrates Kuwaiti ingenuity but also spotlights the potential for technology to transform traditional markets. The nomination positions Kuwait at the forefront of digital real estate innovation, setting a benchmark for future investment and development in the GCC.