The Ministry of Municipalities and Housing and the General Authority for Endowments sign a memorandum of understanding to enhance cooperation in developing and growing the endowment sector.

Monday 08 June 2026
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Under the patronage of His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, the Ministry of Municipalities and Housing signed today a joint memorandum of understanding with the General Authority for Endowments, as part of the activities of the "Cityscape Global 2025" exhibition, which is being hosted by the city of Riyadh during the period from November 17 to 20, with broad local and international participation in the real estate and housing development sector. .

The memorandum aims to raise the level of coordination and cooperation between the two sides in developing the endowment sector and its urban and housing investments, through the exchange of experiences and the building of joint databases that contribute to achieving the goals of Saudi Vision 2030, and promoting sustainable development in cities. .

The memorandum includes cooperation in a number of areas, including developing housing-related endowment projects and opportunities, studying the establishment of housing endowment funds, enhancing the use of endowment banks to support the most needy beneficiaries, in addition to working to enable non-profit organizations to contribute to the growth and development of endowments with social and housing impact. .

The memorandum also includes cooperation in using endowment lands to establish partnerships with real estate developers to build endowment housing projects, in addition to exchanging experiences in modern building technologies, issuing licenses to endowment entities in accordance with approved regulations and instructions, and activating the ministry's digital services such as the "Baladi" platform to serve endowment entities and enhance their operational efficiency. .

The signing of the memorandum comes within the framework of the Ministry of Municipalities and Housing's keenness to activate strategic partnerships with government agencies and the non-profit sector, to support urban and endowment development, and to achieve integration between sectors in a way that contributes to enhancing the quality of life and the sustainability of development in various regions of the Kingdom. .

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The Kingdom of Saudi Arabia