NHC seeks to expand investment portfolio beyond SAR 200B: CEO

Mohammad Albuty, CEO of National Housing Co., says investments in Jeddah stand at SAR 52 bln

Saudi Arabia’s National Housing Co. (NHC) is expanding its investment portfolio to over SAR 200 billion, CEO Mohammad Albuty told Al-Eqtisadiah.

NHC’s investments in Jeddah stand at SAR 52 billion, with the city set to host about 60,000 housing units. The company aims to provide a wide range of affordable housing products tailored to varying income levels, serving both first-time homebuyers and investors.

Albuty highlighted that Al-Wareef, the largest urban development led by NHC in the Makkah, carries an investment value of more than SAR 9 billion. The project spans more than 10 million square meters (sqm) and will deliver over 11,000 residential units along with schools, healthcare centers, commercial areas, and public parks covering more than 1.3 million sqm.

Meanwhile, the Jeddah Heights project has an investment value exceeding SAR 7 billion, covering 3.7 million sqm. It will provide over 10,000 modern housing units, with half of its space allocated to facilities and green areas exceeding 400,000 sqm.

Earlier this year, Albuty said at the Real Estate Future Forum that NHC is on track to reach its first milestone of delivering over 300,000 housing units across 17 destinations nationwide by the end of 2025, designed to accommodate more than one million residents.