Riyadh – Sharikat Mubasher: At the conclusion of The Global PropTech Summit, Saudi companies Jozo and Oumla announced a strategic partnership to develop blockchain-based solutions for real estate asset tokenization and fractional ownership within the Kingdom.

Under the agreement, the two firms will jointly create a Saudi-focused product that enables secure and transparent real estate tokenization and partial ownership through a locally hosted blockchain network, according to a recent press release.

The collaboration brings together Jozo’s expertise in real estate investment products and regulatory compliance with Oumla’s capabilities in enterprise blockchain infrastructure, including wallet management, digital asset lifecycle solutions, and secure integrations with institutional systems.

Turki Khaled AlShlail, Co-founder of Jozo, said the partnership reflects a shared belief that the future of real estate investment lies at the intersection of technology and finance. He noted that the initiative aims to build a fully integrated Saudi digital ecosystem that supports fractional ownership and asset tokenization in line with the Kingdom’s digital economy goals and Vision 2030.