NHC inks SAR 1B pact with Spain’s Urbas to build 589 units in Al-Fursan suburb

National Housing Co. (NHC) signed an agreement with Urbas Middle East Real Estate Company, a subsidiary of the Spanish company Urbas, to build 589 housing units in the Al-Fursan suburb, with a value of approximately SAR 1 billion.

The agreement, which was signed in the presence of Minister of Municipal, Rural Affairs, and Housing, Majed Al-Hogail, aims to provide several housing options on an area of ​​up to 150,000 square meters, the Saudi Press Agency reported.

Al-Fursan, one of the largest urban development projects in the region, is designed to align with Saudi Arabia's Vision 2030. The suburb covers an area of 35 million square meters and will feature over 50,000 residential units, accommodating more than 250,000 residents. It is equipped with over 190 vital facilities, including educational, healthcare, and recreational services, all surrounded by more than 6 million square meters of green spaces.