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After reviewing the document, it seems to state that the Provider will maintain all rights in anything they provide to the customer including any services or documents. Furthermore, the document provides that the Client shall maintain rights to anything the Client provides to the Provider.
No. It does not mean that the mobile app belongs to them. They do not own the product. They own whatever trade secrets, services, documents, etc. that they provide you and you own whatever information you provide them in developing the app. You cannot take their ideas, information, etc. and run off to their competitor and use that to build your app with them and they cannot steal your ideas and build the app for themselves.
They do not have the right to withhold the source code.
It is mutually protective language.