NHC inks real estate deals worth above SAR50B

The National Housing Co. signed today, Nov. 11, agreements with 23 local and international real estate developers, at a total value of 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 Khazam, Al-Fursan, Khayala, Al-Wurood, Al-Sharaie, Al-Hawiyah, Al-Mashreqiyah and Al-Qadisiyah districts, the Co. said, in a statement.

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