Partnership Overview
Wasl Group and Mohammed Bin Rashid Housing Establishment (MBRHE) signed a Memorandum of Understanding (MoU) to create creative housing solutions that improve community well-being and quality of life.
Key Objectives
The agreement examines ways to build sustainable housing projects on MBRHE-provided property, emphasizing creative ideas that address the populace’s requirements and improve community well-being. It also emphasizes strengthening collaboration between the two parties through Wasl Group’s subsidiaries, ensuring optimal utilization of resources and capabilities.
Investment Opportunities
The arrangement gives Wasl Group preferential access to upcoming housing project investment opportunities as part of the cooperation. The collaboration is in line with their commitment to supporting sustainable development in the housing sector and achieving the goals of Dubai Urban Plan 2040, the two organizations said.
Knowledge Exchange
To improve the quality of future housing services, the MoU also emphasizes adopting innovative technologies, the development of housing regulations, and promoting knowledge and expertise exchange between the two organizations.
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Leadership Statements
“This agreement represents a strategic step in the collaboration journey between the two institutions. Through it, we aim to deliver innovative projects that serve citizens and support Dubai’s future aspirations,” said Hesham Abdullah Al Qassim, CEO of Wasl Group.
Omar Hamad Bu Shehab, CEO of MBRHE, said the signing of this agreement reflects the Establishment’s commitment to enhancing strategic partnerships that support Dubai’s vision for sustainable urban development.
“We strive to improve citizens’ quality of life through innovative housing projects that achieve sustainability and foster innovation,” he said.
Implementation Plan
To create comprehensive implementation plans, both organizations will establish collaborative task forces. This will ensure the strategic objectives are met effectively and efficiently while maintaining continuous coordination to achieve sustainable housing development.
