Page 13 - Logic Consulting Report - September 2023

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

Osman said that the timing of this MoU is significant, particularly given that the company is
commemorating its 25th anniversary since its establishment in 1998.

Mostafa El Ghorab, KSA Country Manager at Logic Consulting, stated that in order to provide the ministry
with top-notch consulting services, the company plans to draw on its 25 years of expertise in the region
offering consulting services across a variety of industries, including both government sector and private
enterprises in the Mena region. The objective is to establish the company as a reliable and authoritative
source for consultations and tailored solutions aimed at enhancing the long-term sustainability of clients'
enterprises.

The ministry has successfully provided 180,000 housing units within a relatively short timeframe. The
ambitious goal of the Ministry is to increase the number of homeowners to 65% by 2025 and 70% by 2030.
It aligns with the objectives of Saudi Vision 2030. By placing an emphasis on the housing programme, the
country created a dedicated programme to bolster real estate developers, coupled with formal agreements
designed to effectively manage price fluctuations within acceptable inflationary parameters.

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