11/5/2022 0 Comments Shrook securityIt aims to increase real estate supply with a variety of housing options, in line with Vision 2030’s objective of increasing Saudi family residential ownership to 70 percent. The company, founded in 2016, is the investment arm of the Ministry of Municipal and Rural Affairs and Housing’s initiatives and programs in the real estate, residential, and commercial sectors. The agreements with national partners aim to provide project management services, engineering supervision, design work implementation, housing unit construction, and evaluation services.įurthermore, the agreements make it easier to manage the printing environment and control consumption, as well as ensure the quality of infrastructure, improve operational sustainability and develop projects.Įarlier this month, the National Housing Company signed an agreement to finance and develop a portfolio of projects worth more than SR40 billion ($10 billion), which will result in the construction of more than 150,000 housing units in 11 cities across Saudi Arabia. RIYADH: The National Housing Company signed nine agreements totalling SR2 billion ($533 million) with a number of national strategic partners on the sidelines of the Distinguished Cities Projects Exhibition in Riyadh, the Saudi Press Agency reported. The appointment takes place at an important time for the Kingdom as it undergoes many social and economic reforms as part of Vision 2030.įemale empowerment and representation in the workforce are some of the main objectives of Vision 2030. “The Kingdom of Saudi Arabia is undergoing massive transformation, and 3M is in a unique position to bring its expertise to support the market in achieving its vision through strategic partnerships and alliances that I hope to drive in this newly created role,” she added. Her appointment aligns with one of the key objectives of the Saudi Vision 2030 reform plan to empower women.īin Sultan said: “I am excited to join 3M, a global company that is invested in science and technology. Prior to joining 3M, Bin Sultan was Gulf Cooperation Council government affairs manager at Qatar Airways, where she led the reopening of the airline’s offices in Saudi Arabia while managing coronavirus pandemic operations in Oman. She will work alongside 3M’s senior leadership team supporting the business in governmental negotiations related to corporate affairs and assist in proactively navigating the country’s growing business environment. Her responsibilities will include taking charge of the company’s public policy initiatives such as engagement opportunities with government entities to support the Kingdom’s policymakers on regulatory matters. Shrook Mansour Bin Sultan was on Wednesday appointed head of government affairs in Saudi Arabia for US multinational conglomerate 3M.
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