The MENA PropTech sector is entering a new growth phase. A group of leading real estate and technology firms from Egypt and Saudi Arabia has launched PropteX, a new accelerator program backed by a $5 million fund. The initiative aims to support early stage property technology startups across the region.A Strategic Push Into Regional PropTechBuilding Smart and Sustainable CommunitiesStrong Executive Backing and VisionSupporting Startups Beyond CapitalA New Chapter for MENA PropTech The founding partners include Egypt’s Paragon for Real Estate Development, Saudi Arabia’s Adeer International, Egypt’s B maistro, and German co founding partner QNTF. The program will focus on turning innovative ideas into scalable PropTech businesses. A Strategic Push Into Regional PropTech PropteX targets startups working at the intersection of real estate and technology. The fund will support companies operating in Egypt, Saudi Arabia, the GCC, and wider MENA markets. The accelerator focuses on startups involved in: Digital real estate platforms Smart building technologies Property management automation Data driven real estate solutions Beyond capital, startups will receive hands on support. The program will help founders refine business models, prepare for investment, and expand into new markets. B maistro’s Startup Factory will manage daily operations and startup support. Building Smart and Sustainable Communities The PropteX vision aligns closely with Paragon’s real estate strategy. Paragon has built a strong reputation for developing smart commercial buildings. These projects use Internet of Things systems to manage lighting, air conditioning, and energy usage. Reported benefits include: Up to 60 percent energy savings Lower operating costs More sustainable work environments Paragon also focuses on community design. Its developments integrate services that improve comfort for employees and visitors. This approach supports productivity and long term tenant satisfaction. Strong Executive Backing and Vision Leaders from all partner firms see PropteX as a long term platform for innovation. Basil Al Serafi, CEO of Adeer International, described the accelerator as Adeer’s entry point into technology driven real estate solutions. He emphasized collaboration and idea exchange around smart cities and sustainability. Bedier Rizk, CEO of Paragon, highlighted the importance of innovation in real estate. He stated that PropteX will help accelerate PropTech adoption across the region, starting from Egypt. Mohamed Mounir El Ahwal, CEO of B maistro, pointed to rapid digital change in real estate. He stressed that Egypt and the Arab world offer strong opportunities for PropTech growth. PropteX supports B maistro’s wider mission to drive digital transformation across sectors. Supporting Startups Beyond Capital PropteX aims to act as more than a funding source. The program will provide structured guidance and real market access. Startups will benefit from: Mentorship from industry leaders Strategic consulting support Access to regional real estate networks Clear pathways to follow on investment This approach helps founders move faster and avoid early mistakes. A New Chapter for MENA PropTech The launch of PropteX signals growing confidence in regional PropTech innovation. Real estate markets across MENA now demand smarter, more efficient, and more sustainable solutions. With strong corporate backing and a focused accelerator model, PropteX is well positioned to shape the next generation of real estate technology startups in the region. Meta Description (150 characters):Egyptian and Saudi firms launch PropteX with a $5 million fund to accelerate PropTech startups across MENA and support smart real estate innovation. Tagline (150 characters):A new accelerator fund unites regional leaders to back PropTech startups building smarter, sustainable, and digitally driven real estate across MENA.