ROSHN Group, Ministry of Municipalities Sign Memorandum of Cooperation to Promote Innovation in Kingdom's Real Estate Sector

ROSHN Group, a subsidiary of the Public Investment Fund (PIF), signed today a strategic memorandum of cooperation with the Ministry of Municipalities and Housing, represented by the ministry's Agency for Housing Supply Stimulus and Real Estate Development. The agreement aims to enhance operational processes and regulatory frameworks in the Kingdom's real estate development sector.

 The memorandum focuses on several key areas, including innovation in licensing systems and prior approvals, the development of smart mechanisms for data exchange and analysis, and the joint design of new and innovative models. It also seeks to enhance the integration of community services and launch pilot programs that contribute to improving the quality of life in urban communities and enriching the overall resident experience.