Remat Al Riyadh Development Company Signs Two New Outdoor Advertising Contracts in the Capital
- The partnership aims to enhance the urban landscape and elevate the aesthetic quality of the capital, transforming white lands and buildings under construction or renovation into active urban elements
Remat Al Riyadh Development Company, the development arm of Riyadh Municipality, has signed two new contracts with Naif Alrajhi Investment Group to install, operate, and maintain advertising hoardings on white lands and buildings under construction across Riyadh city.
The two new contracts reflect Remat Al Riyadh’s broader efforts to enable private sector participation. These efforts aim to strengthen the role of outdoor advertising as a developmental added value for the city, enhance the urban landscape, and elevate the capital’s visual appeal.
Abdullah bin Suleiman Abu Dawood, CEO of Remat Al Riyadh Development Company, said: “Through these partnerships, we are developing innovative operational models that contribute to improving quality of life, enhance the capital’s urban landscape, and increase investment opportunities.
Working in partnership with the private sector, we are supporting regional prosperity, financial sustainability, and the city’s transformation into a more innovative and livable environment in line with Saudi Arabia’s Vision 2030 goals.”
Remat Al-Riyadh Development Company was established at the end of 2021 as a development arm for Riyadh Municipality and strategic enabler for partnerships with the private sector, aiming to elevate the level of municipal services, contribute to improving quality of life and the urban landscape, and achieve financial sustainability in the Riyadh Region.
Looking ahead, Remat Al-Riyadh Development Company seeks to play a leading role in advancing municipal development by delivering innovative, value-added projects that strengthen collaboration with the private sector and support sustainable urban growth.
