Page 33 - Logic Consulting Report - September 2023

9/22/23, 10:08 AM Saudi gov’t signs MOU with LOGIC Consulting to endorse real estate sector - Mubasher Info

Saudi gov’t signs MOU with LOGIC

Consulting to endorse real estate

sector

Photo Gallery

20 September 2023 03:45 PM
Riyadh – Mubasher: The Saudi Ministry of Municipal, Rural Affairs, and Housing
signed a memorandum of understanding (MoU) with LOGIC Consulting to support
and empower services in order to enhance the capabilities of property contractors

and developers across the Kingdom, according to an official press release.

The MoU was signed by Abdul Rahman bin Abdullah Al Taweel, the ministry’s
Undersecretary for the Agency for Stimulating Housing Supply and Real Estate
Development, and Amr Osman, the Chairman of LOGIC Consulting.

Under the agreement, LOGIC Consulting will provide a wide range of services,
including comprehensive strategic consulting as well as governance, to real estate
contractors and developers in Saudi Arabia.

KSA Country Manager at LOGIC Consulting, Mostafa El Ghorab, stated that the

company plans to draw on its 25 years of expertise in the region to provide the
ministry with top-notch consulting services. It further aims to become a reliable
and authoritative source that offers consultations and tailored solutions in a bid to
boost the long-term sustainability of clients' enterprises.

The Saudi ministry, meanwhile plans to achieve a homeownership rate of 65% by
2025 and further raise it to hit 70% by 2030.

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