Syria seeks to employ artificial intelligence in developing the real estate sector

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The International Forum for Real Estate Development and Engineering and Construction Companies in Syria discussed ways to employ artificial intelligence, building information modeling techniques, and digital transformation in city planning and smart buildings, raising the efficiency of infrastructure and asset management, and adopting sustainability and green building standards.

Participants in the dialogue sessions of the forum, which began yesterday, Tuesday, under the auspices of the Ministry of Public Works and Housing, and in partnership with the Arab Federation for Real Estate Development, discussed the role of real estate data in market analysis and pricing, forecasting demand, enhancing transparency and investor confidence, and opportunities for employing digital solutions in reconstruction and development of residential communities.

Assistant Minister of Public Works and Housing for Technical Affairs, Maher Khalouf, stressed the importance of the role assigned to the state as a regulator and monitor to ensure the quality and efficiency of implementation of real estate projects, and full compliance with the approved technical plans and specifications, explaining that integration between the ministry, professional unions, and contracting companies represents the basic foundation for developing the building and construction sector, and controlling implementation standards at various stages, according to the Syrian News Agency “SANA.”

Khalouf said that the scale of destruction and the huge urban need in Syria imposes a major challenge that requires the completion of projects within record times without compromising on production safety and quality, stressing the importance of qualifying cadres and expanding technology and modern construction tools, to raise the efficiency of implementation and meet the aspirations of citizens in the quickest time and with the highest quality.

The Director General of the Real Estate Finance Supervisory Authority, Intisar Yassin, explained that the Authority seeks to modernize its laws and develop the implementation system, guarantee tools and refinancing guarantees to suit the requirements of the banking and real estate market in the next stage.

The director of the technology sector at the Digital Security Control Systems Company (DSC), Mourid Al-Atassi, said that the shift towards smart cities has become an urgent necessity to improve the quality of life of citizens, and reduce future costs through proactive maintenance and highly efficient resource management, in light of the accelerating pace of modern life.

The General Manager of the Engineering Company for Thermal Technologies, Ayman Farestaqi, confirmed that the challenges of the Syrian real estate industry are attracting the attention of the business and engineering sectors, especially in light of the urgent need to adopt modern building technologies that ensure the completion of projects faster and more efficiently, stressing the need to enhance energy efficiency standards and reduce electrical consumption throughout the building’s life cycle to improve the quality of the real estate product.