• Remat Al-Riyadh will contribute to providing direct value to the residents and visitors of the Riyadh Region by prioritizing municipal services and projects with the highest positive impact.
• Remat Al-Riyadh will work to enable the private sector in the municipal domain to contribute to the development of a vibrant society and achieve economic and social development.
• Remat Al-Riyadh will focus on three sectors: urban development, municipal assets management, and municipal services.
The Mayor of Riyadh, His Highness Prince Faisal bin Abdulaziz bin Ayyaf, launched Remat Al-Riyadh Development Company, the development arm of the Riyadh Region Municipality, which will serve as the strategic enabler of private sector participation, with the aim of enhancing the quality of municipal services and contributing to the development of a vibrant community, while achieving economic and social development for the Riyadh Region.
Remat Al-Riyadh Development Company will help bolster the Municipality’s strategic function by supporting its operational roles in the region, enabling the private sector to implement and develop municipal projects, providing services to contribute to improving the quality of life, and providing direct value to residents and visitors of the region by prioritizing municipal services and and projects with the highest positive impact.
Commenting on the launch, His Highness Prince Faisal bin Abdulaziz bin Ayyaf, Mayor of Riyadh Region and Chairman of the Board of Directors of Remat Al-Riyadh Development Company, said that the Company will contribute to accelerating the development plans and projects of the Riyadh Region, and improving the lifestyle of its residents, as the region is bristling with exceptional and propitious housing and livelihood opportunities.
The Company will contribute to promoting this economic growth by involving the private sector in the municipal sector, as it aspires to be one of the largest municipal development companies.
The Company's activities focus on three main sectors: urban development, municipal asset management, and municipal services. It will seek to enhance the quality of municipal services and projects, while improving customer experience and satisfaction.
Remat Al-Riyadh’s launch comes as a milestone towards fulfilling the overall strategy of the Ministry of Municipal, Rural Affairs and Housing, namely, to achieve sustainable and balanced urban development, and improve the level of municipal services, so as to contribute to the enhancement of the quality of life and prosperity of Saudi cities and bolster their preparedness to meet the ambitious aspirations of future generations.
Abdullah Abudawood, Chief Executive Officer of Remat Al-Riyadh Development Company, said the Company aspires to take part in turning Riyadh into an ideal and successful model by developing and shaping the future of the municipal sector, based on strategic priorities aimed at providing quality projects and services that contribute to the prosperity of the region, improving the quality of life, enabling the Riyadh Region Municipality’s overall strategic role, achieving financial sustainability, and developing attractive and innovative business models in partnership with the private sector.
About the partnership with the private sector, Abudawood said: “Remat Al-Riyadh will work to enable and motivate the private sector to participate in the development of municipal services and projects, provide the best services and innovative municipal solutions, and take advantage of the promising opportunities in the municipal sector, to improve the experience of residents and visitors of the Riyadh Region.”
Remat Al-Riyadh Development Company will work towards contributing to the achievement of sustainable and balanced urban development in the Riyadh Region and improving the level of municipal services. This in turn will contribute to enhancing the quality of life, thus turning Riyadh into an ideal and successful model in the field of sustainable comprehensive urban renaissance. Remat Al-Riyadh’s mission will also include contributing to the development of a vibrant community in the Riyadh Region, in addition to ongoing efforts to improve the region’s urban landscape in harmony with its identity and ancient history.
