Source: Graana.com
Riyadh, Saudi Arabia – Aiming to foster development in the Kingdom’s real estate sector, the National Housing Company (NHC) has announced the signing of agreements and memoranda of understanding (MoUs) worth nearly $8 billion (SAR 30 billion) during the Real Estate Future Forum 2025. The deals, which encompass partnerships with both government agencies and private-sector entities, are poised to strengthen the country’s supply chain and support the continued growth of the housing market.
The agreements were signed under the auspices of Minister of Municipalities and Housing Majed Al-Hogail and Minister of Industry and Mineral Resources Bandar Alkhorayef. This marks a pivotal moment in the government’s efforts to enhance the real estate sector’s efficiency and sustainability.
One of the most notable developments was the MoU signed between NHC and the Ministry of Industry and Mineral Resources, aiming to foster stronger collaboration in the supply chain domain. This initiative is designed to increase local content and improve operational efficiencies within the real estate development industry.
Another key agreement involved a partnership between NHC, King Abdulaziz City for Science and Technology (KACST), and Al Saif Company. This collaboration will advance the use of off-site construction technologies, bringing new innovations to the field of building development.
As part of its broader strategy to bolster the national supply chain, NHC also entered into agreements with nine prominent real estate development firms. Additionally, the company secured two purchase agreements with Zamil Air Conditioners Factory and another with Alfanar Company, further cementing its role as a major player in the real estate sector.
Also Read: Saudi Arabia Opens Door for Foreign Investment in Mecca and Medina Real Estate
In a move to enhance infrastructure and logistics, the Real Estate Future Forum also saw the announcement of the Logistics City project in Khuzam Destination. This partnership between NHC, CETC China Construction, and Alrawaf Contracting is set to optimize supply chain efficiencies in the real estate industry, with the goal of boosting the national economy and supporting future housing initiatives.
Furthermore, NHC has made strides in human capital development, signing an MoU with the Saudi Media Academy to launch specialized training programs aimed at developing the nation’s workforce. This initiative reflects NHC’s commitment to creating a skilled, homegrown talent pool to meet the demands of Saudi Arabia’s rapidly expanding real estate sector.
Read: The Rise of Kuwait’s Real Estate Market: Trends Shaping the Future
These strategic partnerships signal a strong future for Saudi Arabia’s real estate landscape, with enhanced innovation, supply chain capabilities, and workforce development as key pillars of the country’s ambitious Vision 2030 goals.
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