Saudi Arabia’s Jozo and Oumla Team Up to Tokenise Real Estate

Editorial Team

Last updated 28-10-2025

3 min

Jozo and Oumla will collaborate to develop tokenised property ownership on a local blockchain.

The partnership aligns with Vision 2030 by enhancing digital transformation and investment access in Saudi Arabia.

Jozo's expertise in real estate and Oumla's blockchain solutions will fuel property fractionalisation.

The project supports a secure national blockchain, avoiding data sovereignty concerns and improving transparency.

Their work could pave the way for further hybrid models in tech and traditional industries.

In a move that feels right on the money for Saudi Arabia’s fast-evolving proptech scene, Jozo, the firm specialising in fractional ownership of real estate, has inked a strategic deal with Oumla, a blockchain infrastructure company providing enterprise-grade solutions. The collaboration aims to develop tokenised property ownership and fractional investment tools built entirely on a local blockchain network within the Kingdom.

At its core, the agreement brings together Jozo’s deep experience in real estate product design and compliant investment offerings, and Oumla’s know-how in creating secure private blockchain environments. Together, they plan to deliver a product that lets investors purchase a fraction of a property digitally—each fraction represented as a token on a Saudi-hosted blockchain. It’s the sort of initiative that ties directly into the Kingdom’s Vision 2030 push towards digital transformation and more inclusive investment access.

Turki Al-Shilail, founder and CEO of Jozo, was quoted highlighting how the next wave of property investment depends on blending tech and finance to open real opportunities for individuals and institutions alike. He said the tie-up with Oumla marks “a strategic step toward developing an integrated Saudi digital environment” for property fractionalisation and asset tokenisation. I reckon that’s spot on—this blend of regulation-friendly innovation and home-grown infrastructure is exactly what’s needed to turn buzzwords into tangible products.

On the other side, Oumla’s founder and CEO, Mohammed Al-Jasser, stressed the company’s goal of building a national-grade, secure blockchain backbone for essential sectors. Their collaboration with Jozo, he explained, will harness this technology to improve transparency and streamline investment processes in Saudi Arabia’s real estate market. And believe it or not, having a blockchain system hosted entirely within the country avoids a bit of a faff around data sovereignty—something investors are increasingly wary about.

From my own chats with young MENA founders through Arageek’s community initiatives, it’s clear the appetite for such hybrid models—where digital finance meets traditional industries—is growing faster than ever. These ventures may seem small steps, but they pave the way for greater confidence in local tech capabilities. Well… I mean, it’s about time we see blockchain being used for something genuinely useful beyond hype.

This partnership between Jozo and Oumla could well become a blueprint for how regulated, locally hosted blockchain platforms underpin real estate tokenisation. And if it succeeds, I’m sure we’ll be hearing a lot more about Saudi startups quietly leading in this field. Honestly, I’m quite chuffed to bits seeing projects like this take root so close to home, even if the journey’s far from smooth—or should I say, definately still in its early chapters.

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