Saudi Ministry of Municipal, Rural Affairs and Housing has signed memorandum of understanding (MoU) with LOGIC Consulting in order to uplift the capabilities of real estate contractors and developers.
According to the statement, the objective of the MoU is to offer support and empowerment services to uplift the capabilities of the real estate contractors and developers within the country and the Saudi government vision 2030.
The partnership aligns with the Ministry’s relentless efforts to uplift the capabilities of the real estate contractors and developers who work for projects overseen by the Ministry in Saudi Arabia.
The commitment comes in line with “Providing support and empowerment services to enhance the effectiveness of real estate developers” initiative. Furthermore, it signifies the Ministry’s goal to raise the number of real estate contactors by fostering their transformation into real estate developers.
Mr. Abdul Rahman bin Abdullah Al-Taweel, the Undersecretary of the Ministry of Municipal, Rural Affairs and Housing for the Agency for Stimulating Housing Supply and Real Estate Development, highlighted that the cooperation agreement between both parties will support real estate developers in the Kingdom. The partnership will pave way to boost efficiency and performance of developers by providing a wide array of services which helps enhance their capabilities and tools to streamline their journey.
Mr. Al-Taweel highlighted that collaborating with distinguished consulting firms specializing in administrative expertise, like LOGIC Consulting, will lead to the development of highly effective strategies for augmenting the efficiency and capabilities of real estate developers within the Kingdom. This, in turn, will guarantee the sustained viability of the Ministry’s support services provided to real estate developers, thereby stimulating housing supply and elevating the overall performance of the real estate development market.
Mr. Amr Osman, Chairman of LOGIC Consulting, conveyed his appreciation for the Ministry’s faith in the company’s abilities, which is a major driving force behind its continued commitment to offering consultancy services that are in line with the goals of Saudi Vision 2030.