The Mohammed bin Rashid Housing Establishment has signed a memorandum of understanding with Grandiose Supermarket aimed at enhancing collaboration between the public and private sectors. This partnership is set to explore the potential provision of retail and essential consumer goods services for residents in housing communities managed by the establishment, thereby supporting the integration of services available to them and contributing to an improved quality of life.
Details of the Agreement
The signing ceremony took place at the establishment’s headquarters in Dubai, with notable attendees including Mohammed Hassan Al Shihi, Executive Director of the Mohammed bin Rashid Housing Establishment, and Ghassan Aboud, Chairman of Ghassan Aboud Holding. The memorandum was signed on behalf of the establishment by Noura Mohammed Al Rumaithi, Assistant Executive Director of the Housing Sector, while Ahmed Aboud, Chief Financial Officer of Ghassan Aboud Holding, represented Grandiose Supermarket.
Framework for Collaboration
This memorandum sets a framework for collaboration, allowing both parties to leverage Grandiose’s expertise in the retail sector to assess the feasibility of providing services and products that cater to the daily needs of residents in the housing communities. Additionally, it will examine future investment collaboration opportunities in accordance with the laws and regulations applicable to the establishment, aligning with sustainable development goals in the housing sector.
Statements from Officials
Noura Mohammed Al Rumaithi expressed that “the Mohammed bin Rashid Housing Establishment is committed to enhancing the components of integrated residential communities by studying the needs of residents and building partnerships that contribute to developing the services available to them.” She added that this memorandum opens up opportunities for collaboration with Grandiose and allows the establishment to benefit from its retail experience, which will help provide daily necessities close to residences, thereby enhancing family comfort and quality of life.
Wider Goals of the Establishment
The signing of this memorandum is part of the establishment’s efforts to expand partnerships with the private sector and explore opportunities for developing services and facilities in its residential communities, ensuring that they meet the needs of residents and support the sustainability of these communities.