In a remarkable achievement reflecting its growing leadership in the Saudi real estate sector, Retal Urban Development four prestigious awards at the Real Estate Excellence Awards ceremony, held on the sidelines of the Future Real Estate Forum. The awards included two gold and two silver prizes, underscoring the company's excellence in developing integrated urban projects that are efficiently managed, executed to the highest quality standards, and built with a forward-looking vision that prioritizes quality of life.
Rital's winning of two gold awards in the "Mid-Rise Buildings" and "Sustainability" categories is a testament to its exceptional ability to create balanced and intelligent urban development that prioritizes human well-being and reflects its unwavering commitment to implementing sustainability principles as a daily practice. This commitment is evident in its projects' environmental awareness, urban responsibility, and the long-term sustainability of their positive impact. The company also received two silver awards in the "High-Rise Buildings" and "Supply Chains" categories, recognizing its well-considered architectural ambitions and its ability to enrich the urban landscape, as well as the efficiency of its operational systems and supply chains, which ensure quality, efficiency, and continuity of completion from initial planning stages to final handover.
Context of the achievement and its importance in light of Vision 2030
This achievement comes at a time when the Saudi real estate sector is undergoing a historic transformation driven by the goals of Vision 2030 , which aims to diversify the economy, increase homeownership rates among citizens, and enhance the quality of life in Saudi cities. The “Future of Real Estate Forum” is a strategic platform that brings together thought leaders, decision-makers, and experts to discuss the future of the sector, and the “Real Estate Excellence Awards,” presented during the forum, serve as a benchmark for quality and innovation, recognizing companies that actively contribute to achieving these ambitious national objectives.
Local and regional impact of the coronation
Domestically, this win reinforces Retal's position as a leading player in urban development in the Kingdom, setting a new benchmark for competitors in sustainability and operational efficiency. Regionally, this recognition highlights the maturity and development of Saudi companies and their ability to compete and deliver world-class real estate products. It also sends a positive message to international investors that the Saudi market is rich with promising opportunities and companies committed to best environmental, social, and governance (ESG) practices, making it a more attractive investment destination.
In this context, Eng. Abdullah Al-Buraikan, CEO of Retal Urban Development Company, stated: “We are proud of this recognition, which reflects Retal’s commitment to developing projects that are efficiently managed, executed with high quality, and built with a long-term vision. These awards are the fruit of the work of an integrated team and the exceptional efforts of our colleagues who work with one spirit to achieve the highest standards of quality and sustainability. We believe that true architecture is that which enhances the quality of life and achieves a lasting impact for cities and their inhabitants.”.
Al-Buraikan added that this achievement is an incentive to continue developing quality projects that contribute to building a more balanced and sustainable urban future, in line with the Kingdom’s Vision 2030. This multiple accolade confirms the comprehensiveness of the work system in Rital and its ability to achieve excellence in all stages of real estate development, to consolidate its role as a key partner in the urban transformation journey that the Kingdom is witnessing.
