NHC signs deals worth nearly SAR 30B

Logo of National Housing Co. 

The National Housing Co. (NHC) signed a series of deals, agreements, and memorandums of understanding (MoUs) worth nearly SAR 30 billion with government entities and private sector companies.

The announcements were made on the sidelines of the Real Estate Future Forum 2025.

The agreements include an MoU with the Ministry of Industry and Mineral Resources, which aims to enhance cooperation in supply chains and industry links program, focussing on boosting local content and improving efficiency within the real estate development sector.

Another MoU was signed with King Abdulaziz City for Science and Technology (KACST) in collaboration with Al Seif Co. This partnership focuses on advancing construction and building development through off-site construction technologies.

Additionally, NHC signed agreements with nine real estate development companies: Retal Urban Development Co., Dar wa Emaar, Almasar Alhadeeth Co., Thabat Al Maskan, Maya Real Estate Development and Investment Co., Al Raem Contracting Co., TELAD Real Estate Co., Alramz Real Estate co., and Ledar Co. These agreements aim to provide supply chain services and strengthen collaboration within the sector.

The company also finalized two open purchase agreements with Zamil Air Conditioners Co. and Alfanar Co.

A major milestone in the agreements was the launch of the logistics city in the Khuzam development. This initiative, in collaboration with China’s CITIC Construction Co. and Alrawaf Contracting Co., aims to enhance the efficiency of supply chains in the real estate sector.

Lastly, NHC signed an MoU with the Saudi Media Academy to focus on training and developing national talents through specialized training programs designed to qualify and equip professionals in the field.