His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, yesterday evening, Wednesday, October 25, 2023, at Al Faisaliah Hotel in Riyadh, sponsored the signing of the Riyadh Municipality, represented by Riyadh Development Company, of a set of the largest investment contracts globally in the field of outdoor advertising, with revenues exceeding SR16 billion for the city.
<HH The Amir was welcomed upon his arrival at the venue of the ceremony prepared on this occasion by His Highness Prince Faisal bin Abdulaziz bin Ayyaf, Governor of the region, and a number of Their Highnesses and Excellencies. After that, HH The Amir toured the pavilions of the exhibition accompanying the ceremony, after which the royal salute was played. His Highness said that today is the beginning of the first stations of the Riyadh Reemat Development Company, which was established by the Municipality at the end of 2021, to be the development arm in this prosperous time and to contribute to achieving the ambitious goals of the city, adding that since its establishment, Riyadh Reemat has started working at a steady pace to achieve the ambitions, as the company is working today on many developmental investment opportunities for the city, and participates with several partners in this journey.Riyadh's Emir said that the company is working on many developmental investment opportunities for the city, and participates with several partners in this journey.
<He pointed out that the Municipality signed today the largest Investment contracts in the field of outdoor advertising with a group of partners, with revenues exceeding 16 billion riyals, as these contracts are the largest in the world in the field of outdoor billboards, as the contract includes one of the largest flat screens in the world, indicating that this step supports the company's continuous efforts to achieve added value to the national economy, thanking all partners for their role and contribution to these achievements.
His Highness said: "We are living in a period that we must take advantage of it with serious and fruitful work, so I say to everyone that this Riyadh is yours and requires more work from you."
Prince Faisal raised his glasses to Prince Faisal. During his speech, Prince Faisal bin Abdulaziz bin Ayyaf, Secretary of the Region and Chairman of the Board of Directors of Reemat Riyadh Development Company, thanked the wise leadership for sponsoring the ceremony, stressing that the city of Riyadh is going through historic moments, through which a more prosperous future and dreams will soon see reality with an ambitious strategy, international projects and a quality of life that rivals the most advanced and prosperous countries.
His Highness added that the company's CEO, Prince Faisal bin Abdulaziz bin Ayyaf, thanked the leadership for their support and praised His Highness the Emir of Riyadh Region for patronizing the ceremony. In a speech delivered on behalf of the consortium that won the first contract, Mohammed Al-Khuraiji, CEO of Arabian Outdoor Advertising Company, said that this cooperation with the partners will support the vision of the smart capital and its digital trends, which will increase its attractiveness in attracting the digital advertising industry and providing a global digital model for the capital with more distinctive sustainability and quality, in addition to contributing to making Riyadh one of the top 10 global cities.
Riyadh is one of the top 10 global cities.
