NHC inks SAR 50B deals with real estate developers

Mohammad Albuty, CEO of National Housing Co., speaking at Cityscape Global 

National Housing Co. (NHC) signed today, Nov. 11, agreements with 23 local and international real estate developers, worth more than SAR 50 billion, on the sidelines of the Cityscape Global exhibition.

The agreements aim to build and develop 62,000 housing units in Khouzam, Al-Fursan, Khayala, Al-Wurood, Al-Sharaie, Al-Hawiyah, Al-Mashreqiyah and Al-Qadsiah districts, it said in a statement.

For more news and details on the projects

A total of 31 agreements were signed between NHC and each of Abdul Rahman Saad Al-Rashid & Sons Co., Thabat Al Maskan Co., Dar wa Emaar Real Estate Investment & Development Co. (DWE), Retal Urban Development Co., Mohammed Abdulaziz Al Habib Co., Altatweer Alshamel Co., Pan Kingdom Real Estate Co., Ajdan Co., Nojoom Al Salam Holding Co., Manazel Al-Mustaqbal Co., Al Raem Contracting Co., Safa Investment Co., Azhar Holding Co., Al Awaly Development & Investment Co., Lidar Investment Co., Faisal Abdullah bin Saedan Co., Maya Co., Gulf Real Estate Development Co. and Dar Al Majed Real Estate Co.