Retal and Sakan Sign Memorandum of Understanding to Develop Housing Development Solutions for the Neediest Families under the Umbrella of the Sharqia Development Authority
CEO of Retal Urban Development Eng. Abdullah Al Braikan signed a joint memorandum of understanding with the CEO of the National Housing Development Organization (Sakan) Eng. Mashari Al Juwaira to develop models for developmental housing solutions for the families most in need.
This came under the patronage of the Sharqia Development Authority, represented by the attendance of its CEO Eng. Fahd Al Mutlaq.
The agreement seeks to harness the accumulated experiences of both parties and unify efforts to develop developmental housing products. The cooperation is a culmination of each party’s aspiration to support the neediest families seeking housing, and their joint efforts will make a difference in the developmental housing sector.
The cooperation will include studying and analyzing housing development programs and setting a future action plan to develop developmental housing products, which will result in the provision of housing solutions and ideas that serve beneficiaries and meet their needs.
The agreement is under the umbrella of the Sharqia Development Authority to ensure the achievement of balanced development in the Eastern Province.
Retal has developed more than 5,000 housing units in the Kingdom over the past few years.
Sakan seeks to empower the non-profit housing sector and create sustainable housing development solutions. It contributes to improving the quality of life of targeted families and has introduced several initiatives that contributed to raising the efficiency of the non-profit housing sector, such as the Housing Quality Platform, which serves the families most in need of housing.