Ernst & Young, one of the largest professional service firms in the world, has agreed to provide consulting, administrative, financial and technical services to the Saudi Real Estate Development Fund (REDF).
A deal to this effect was signed by Shuwaish Al-Dowaihi, housing minister and REDF board chairman, with Ernst & Young officials in Riyadh yesterday.
According to the deal, Ernst & Young will help the REDF introduce and develop methods and strategies of mortgage funding in line with its basic laws and regulations.
The firm will also develop all works of REDF, its departments, bureaus and agencies associated with it, according to the Saudi Press Agency.
Ernst & Young to tie up with REDF
