NHC inks MoU with PIF to secure supply chains

16/02/2025 Argaam
Signing the MoU

Signing the MoU

National Housing Co. (NHC) signed a memorandum of understanding (MoU) with the Public Investment Fund (PIF) during the PIF Private Sector Forum 2025 to enhance cooperation in various initiatives to secure supply chains in the real estate sector.

 

This partnership aims to support, develop and improve the real estate sector through several strategic axes that include enhancing the principles and practices of value engineering to support the use of local capabilities and materials, Saudi News Agency (SPA) reported.

 

This is in addition to activating local and foreign investments to localize building products industries and to joint work in NHC’s industrial zones and logistics initiatives.

 

The MoU seeks to enhance the capabilities of the long-term demand by developing the prediction methodologies and the classification of products and assets, as well as motivating PIF affiliates to review or use “Supply Pro” platform.

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