NHC launches 134,000 housing units worth over SAR 100B

Mohammed Albuty, CEO of The National Housing Company (NHC)

Saudi Arabia’s National Housing Co. (NHC) launched more than 134,000 housing units, exceeding SAR 100 billion in value, CEO Mohammad Albuty revealed today, Nov. 17.

Speaking at the Cityscape Global 2025 Exhibition, the CEO noted that this initiative is part of a plan to make 300,000 units available by year-end.

Albuty also underlined that NHC’s local partnerships have expanded in a way that integrates international investors.

He announced new partnerships worth more than SAR 8 billion with foreign entities from South Korea, China, and Egypt, bringing the total value of NHC’s global partnerships to over SAR 40 billion.

He also unveiled new residential, commercial, and other investment opportunities valued at over SAR 60 billion for 2026. This is in addition to a new strategic partnership with HUMAIN to collaborate in innovative artificial intelligence (AI) fields.

Citing an Oxford Economics report, Albuty pointed to NHC’s endeavor to support more than 381,000 direct and indirect jobs in 2025, while also contributing over SAR 53 billion to non-oil GDP.

NHC’s portfolio, according to the top executive, could amount to SAR 250 billion by 2025-end, and is likely to exceed SAR 500 billion by 2030.