Remat al-Riyadh Development Company is the developmental arm of the Riyadh Province Municipality and the strategic enabler for partnerships with the private sector. It aims to elevate municipal services and contribute to improving the quality of life in Riyadh Province. The company was launched in 2022 by the Mayor of Riyadh Province, Prince Faisal Bin Abdulaziz Bin Ayyaf.
Company's activities
The company's activities are centered on three main sectors: Urban Development, Municipal Asset Management, and Municipal Services. These focus areas aim to elevate the quality of municipal services and projects, improve customer experience, and achieve customer satisfaction.
The establishment of the company is a step toward realizing the strategy of the Ministry of Municipalities and Housing to achieve sustainable and balanced urban development, improve the level of municipal services provided, and contribute to enhancing the quality of life and prosperity in Saudi cities, making them responsive to the aspirations and needs of future generations.
Remat al-Riyadh will work to contribute to achieving sustainable and balanced urban development in Riyadh Province and improving the level of municipal services provided. This will help enhance the standard of living and make Riyadh a successful model in comprehensive and sustainable urban development. Additionally, Remat al-Riyadh's tasks will include contributing to the development of a vibrant society in the province and continuing efforts to improve the urban landscape, in line with its identity and history.
Objectives of the company
The company aims to contribute to the prosperity and sustainability of Riyadh Province, enhance the quality of municipal services, and deliver value-added projects through sustainable business models that help build a vibrant and thriving community.
The company also provides high-quality services through projects that contribute to the province's prosperity and improve the quality of life. It aims to empower the strategic role of Riyadh Province Municipality, achieve financial sustainability, and develop attractive and innovative business models in partnership with the private sector.
Business sectors of the company
The business sectors of Remat al-Riyadh Development Company focus on urban development by developing quality and developmental projects on municipal lands, managing municipal assets by developing and managing these assets, including public parking and designated advertising spaces, and municipal services by developing and operating various municipal services and electronic platforms, and supporting digital transformation.
Vendors Portal of the company
The Vendors Portal allows for registration as an approved vendor with the company, enhancing opportunities to participate in project implementation to achieve goals efficiently and with high quality. The portal aims to automate the entire vendor registration process, making it easier for vendors to register, be accredited with the company, and participate in future projects.
It also enables the creation of a database of qualified vendors, including small and medium-sized enterprises (SMEs) in various sectors, strengthens relationships with local and international companies, facilitates direct communication, allows for continuous updates of qualified vendors' information, and provides the opportunity to submit and track due invoices.
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