Page 12 - Logic Consulting Report - September 2023

9/22/23, 10:12 AM KSA Ministry and Logic Consulting To Boost Real Estate

KSA Ministry and Logic Consulting To Boost Real Estate

The two parties signed an MoU in the presence of minister Eng Abdullah bin

Mohammed AlBudair
Staff Reporter | KSA | Developers

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The Saudi Arabia Ministry of Municipal, Rural Affairs and Housing has signed a Memorandum of
Understanding (MoU) with Logic Consulting to boost the capabilities of real estate contractors and
developers in the kingdom. The announcement of the MoU was made in the presence of Eng Abdullah bin
Mohammed AlBudair, the Deputy Minister of Municipal, Rural Affairs and Housing, during the Cityscape
Global Exhibition held in Riyadh recently.

The ministry was represented by 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 and Amr Osman, the Chairman of Logic Consulting.

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 contractors by backing their transformation into real estate developers.

Al-Taweel said the partnership will pave the way to improve the efficiency and performance of developers
by providing a wide array of services which helps enhance their capabilities and tools to streamline their
journey. As a result, this collaborative approach is poised to effectively address the escalating demand for
residential units among the kingdom's citizens. Al-Taweel underscored the pivotal role that such
partnerships with the private sector play in fostering top-tier and enduring initiatives aimed at advancing
the real estate industry, aligning with the aspirations of Saudi Vision 2030. Moreover, he highlighted that
collaborating with distinguished consulting firms with administrative expertise, like Logic Consulting, will
lead to the development of highly effective strategies for transforming real estate developers within the
kingdom.

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