31 October, 2021

Governed by the ERDA, Retal and Sakan sign a MOU to develop housing solutions for the needy

 

Eng. Abdullah Al-Braikan, CEO of Retal Urban Development Company, signed with his counterpart, Eng. Mashari Al-Juwairah, CEO of the National Developmental Housing Corporation “Sakan” a joint memorandum of understanding to develop models for housing development solutions for the neediest families.

 

This came under the auspices of the Eastern Region Development Authority, represented by the CEO, Eng. Fahd Al-Mutlaq.

 

This agreement aims to benefit from the accumulated experiences of both sides in the field of housing and unify efforts to develop developmental housing products and development housing.

This cooperation will be to study and analyze housing development programs and set a future work plan to develop developmental housing products and the resulting housing solutions and ideas that reflect the interests of the beneficiaries and meet their aspirations.

 

The role of the Eastern Region Development Authority comes as an official umbrella to ensure balanced development in the region. Retal is considered one of the most important developers for developing more than 5,000 housing units during the past few years in the Kingdom.

 

It is worth noting that the National Developmental Housing Corporation “Sakan” aims to empower the non-profit housing sector, find sustainable development housing solutions, and improve the quality of life of families in the target community. It has presented several initiatives that contribute to raising the efficiency of the non-profit housing sector, including these Initiatives: The Housing Jood platform that serves families most in need of housing.

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