Ministry of Municipal Affairs signs over SAR 40 bln agreement with NHC to develop projects

24/09/2022 Argaam
Signing ceremony

Signing ceremony

Saudi Arabia’s Ministry of Municipal, Rural Affairs and Housing signed today, Sept. 24, an agreement worth SAR 40 billion with National Housing Co. (NHC) to finance and develop projects and infrastructure works in 11 cities across the Kingdom.

 

The agreement was signed on the sidelines of the Exhibition of Projects of Distinguished Cities during the reign of King Salman bin Abdulaziz Al Saud (PDCE 2022).

 

Under the agreement, NHC and its partner developers will work on developing infrastructure, provide services and raise the quality of life standards.

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