MOMRAH Teams Up With Knight Frank

The partnership aims at driving investment opportunities to develop public parks

Under the patronage of His Royal Highness Prince Badr bin Sultan Al Saud, Deputy Governor of Makkah Al-Mukarramah Region, and in the distinguished presence of His Excellency Mr. Majid bin Abdullah Al-Hogail, Minister of Municipal and Rural Affairs and Housing (MOMRAH); Knight Frank, global property consultancy, announced an agreement with MOMRAH during the launch ceremony of the Bahja Initiative and the inauguration of the waterfront development project in Obhur.

During this momentous occasion, Talal Raqaban MRICS, Partner, Head of Valuation & Advisory - KSA at Knight Frank, played a key role in the ceremony, participating in the unveiling of a significant cooperation agreement with MOMRAH. This agreement underscores Knight Frank’s unwavering commitment to advancing the Bahja Initiative and actively contributing to the development of the Obhur waterfront.

Addressing this prestigious partnership, Talal Raqaban, MRICS, Partner, Head of Valuation & Advisory KSA at Knight Frank said, “The cooperation agreement establishes a strategic partnership between the Ministry and Knight Frank, emphasising the shared vision for creating vibrant and modern urban environments. By leveraging our expertise in real estate and investment, Knight Frank aims to play a pivotal role in helping to attract local and international investors to contribute to the success of the initiatives relating to public parks.”

This partnership indicates a significant step forward in the development of public parks and urban spaces, aligning with the overarching objective of establishing sustainable and attractive spaces.