To promote the introduction of cutting-edge technologies in the real estate sector, Minister of Justice Paata Salia has signed a Memorandum of Cooperation with PRYPCO Technologies, one of the world’s leading real estate technology companies.

The memorandum establishes a framework for cooperation in the field of real estate tokenization, which involves transforming physical real estate assets into digital units.

The initiative aims to stimulate investment in the real estate sector and, in compliance with Georgia’s current legislation, to implement secure, transparent, and innovative mechanisms related to private property rights.

The memorandum was signed during the official visit of the Georgian government delegation to the United Arab Emirates, led by the Prime Minister of Georgia.

During the introductory meeting, Deputy Ministers of Justice Beka Dzamashvili, Lana Morgoshia, and Giorgi Dgebuadze briefed the delegation on the key reforms implemented in the justice sector, as well as the strategic priorities of the Ministry.

The delegation expressed particular interest in the concept of the Public Service Hall and the experience of the Ministry of Justice of Georgia in introducing modern technologies, including the development of digital governance and the delivery of state services. The discussion also covered reforms of the land registration system, business-oriented services, and alternative dispute resolution mechanisms.

Following the meeting, the delegation of the Republic of Botswana will familiarize itself with Georgia’s state service delivery model at the central branch of the Public Service Hall.