<a style="color: #993300;" href="https://nhc.The National Housing Company represented by CEO Mohammed Al-Batti has signed 30 agreements, memorandums of understanding and consulting contracts with a total investment of more than 24 billion riyals with a number of experienced and competent real estate developers, on the sidelines of the launch ceremony of <a style="color: #993300;" href="https://amlak. the largest residential suburb in the Kingdom, under the patronage of His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, and in the presence of Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al Haqeel.
<The ceremony included the signing of 18 real estate development agreements for the first phase of the suburb, in partnership with Retal Urban Development, Dar & Emaar, Abdulrahman Al-Rashed, Thabat Al-Maskan, Real Estate Alliance, Arabian Diar, Ajdan, Mohammed Al-Habib, Miskan Industrial, Tilal Real Estate, Smo Real Estate, Maskan Al-Arabia, Stars of Peace, Nujoom Al-Salam, the Innovative Investments, Tamkeen, and Tamam, with the aim of developing and implementing residential units with various options, modern designs and different spaces, according to new standards of innovation in the building, construction and urban planning sector with international standards, in addition to signing an agreement with the Saudi Electricity Company to implement the detailed and executive plans for electricity work in the suburb.
<Several memorandums of understanding were also signed with Sulaiman Al Habib Medical Group, Sinomi, Abdullah Al Othaim Investment Company, Saudi Sports Federation for All, Lajam Sports, Nawaf Al Tamayyat Trading Company, Building Development Company, and Mosque Architecture Society, to develop vital facilities within Al Wataniya projects, including hospitals, health centers, commercial, entertainment, sports and community centers, as well as mosques and educational schools, to contribute to achieving the highest quality of life standards that meet the aspirations of Saudi families and provide them with a vibrant lifestyle in an integrated community of services and facilities to enjoy the residents of Al Dahiya. During the ceremony, four consultancy contracts were signed for project management and supervision of the implementation of the first phase of Al Forsan District and the implementation of comprehensive infrastructure works, in addition to the implementation of the sales building according to the latest technologies that ensure the quality of infrastructure and enhance operational sustainability and project development, in partnership with Hill International, Zuhair Fayez & Associates Consultants, Al Omeir Trading and Contracting Company and Adwaat Al Khalil Contracting Company.
At the ceremony, four consultancy contracts were signed for project management and supervision of the implementation of the first phase of Al Forsan District.
It is worth mentioning that <a style="color: #993300;" href="https://amlak.net.National Housing Company recently launched Al Fursan suburb with a total area of more than 35 million square meters, providing more than 50 thousand housing units for more than 250 thousand people, as part of its work to develop integrated suburbs and residential communities that enhance the quality of life, contribute to increasing the real estate supply in Riyadh with various housing options, and achieve the targets of the housing program, one of the programs of the Saudi Vision 2030, to raise the percentage of home ownership for Saudi families to 70%.
