ROSHN Group, a PIF Company, announced the launch of Hackathon 24, the largest IT competition for property technology-focused programmers in the region. The event, which will be held during Cityscape Global in Riyadh from 11-14 November, will see hundreds of people from over a dozen countries competing to design the best ideas for the construction and real estate industries across four areas. The competition offers a total prize purse of SAR1.5 million to reward innovative and promising business models. The first, second, and third-place winning teams will receive SAR300,000, SAR150,000, and SAR50,000, respectively, to bring their innovative ideas to life. In a press release, ROSHN's Hackathon 24 builds on the first edition's success in 2023, when 17 teams from 12 countries competed for over one million Saudi Riyals in prize money. This year, the number of areas has been increased to include green technologies such as energy efficiency, intelligent buildings and automation, corporate social responsibility, a nd technology entrepreneurship. The release added that individuals or teams can register their interests and ideas on Hackathon 24's website. Those shortlisted to attend the Hackathon will have four days of Cityscape Global to show their proof of concepts, which will be reviewed by a judging committee on the event's final day. Each winning team will walk away with a cheque for SAR300,000, second-place teams will each receive SAR150,000, and third-place teams will receive SAR50,000 to develop their proof of concept. The Saudi Federation for Cybersecurity, Programming and Drones and the Center of Digital Entrepreneurship will support Hackathon 24 as SME partners, PwC as a knowledge partner, and Google and Future Workshops as technology partners. Source: Saudi Press Agency