National Housing Company (NHC) launched its “Pillars” program today, as part of the <a style="color: #800000;" href="https://amlak.net. 2024, where National Housing's participation includes a multi-pillar interactive pavilion, through which it reviews its most important programs and future plans in the real estate development sector, presents its strategic vision and its leading role in enriching the real estate market, and receives those wishing to learn about its projects and plans.

National Housing's participation includes a multi-pillar interactive pavilion.

National Housing Company

The Rakayas program includes a number of initiatives to support and promote local content in the housing system and the real estate development sector, through several initiatives aimed at preserving money spent inside the Kingdom and building a sustainable national economy, in addition to enhancing local capabilities to maximize national purchasing power.

The program includes 4 development goals, including strengthening national cadres, supporting local factories and small and medium enterprises, in addition to localizing industries and increasing production efficiency, which in turn will contribute to achieving the goals of Saudi Vision 2030 to position the Kingdom as a pioneer at all levels and at the forefront of the world.

Supporting local content and localization of industries

<Through Rakeez, National Housing seeks to support local content, localize industries, and achieve the strategic objectives of the housing program, through programs and platforms such as the ”Mawad" platform, which has contributed to supporting local content with more than 137 beneficiaries from developers, real estate contractors and service providers, and has contributed to enhancing local content and creating many job opportunities in this vital sector, whether directly or indirectly in the work and projects of the company, in addition to offering the "Wa'ed“ program for training new graduates, which contributes to the development of future talents and qualifies them for the labor market in a professional manner.

6 agreements signed on the sidelines of the forum

On the sidelines of the <a href=”https://www.therff.National Housing signed 6 agreements with a number of government and private sector entities, including an agreement with Monshaat, which aims to cooperate in supporting small and medium enterprises by establishing a special track for building and construction, a memorandum of understanding with the Ministry of Municipal and Rural Affairs and Housing to cooperate on the Tawteen program to achieve one of the objectives of the Rakeez program in promoting national cadres, the Real Estate Development Fund to finance developers to provide financing facilities for real estate developers, and Al Fanar factory that will focus on training national cadres and knowledge transfer, in addition to

National Housing Company and Pillars

National Housing Company (NHC) is the pioneer and enabler of the real estate development sector and the largest master developer of suburbs and urban communities in the Kingdom, pumping more than 300,000 housing units in 8 suburbs and 6 urban communities on an area of more than 120 million m2, accommodating more than one million citizens. It seeks to find solutions to secure supply chains with high quality and more sustainable construction materials, as part of the company's keenness to increase the real estate supply with housing options according to international standards, in order to achieve the goals of the Kingdom's Vision 2030, by raising the percentage of residential ownership for Saudi families to 70%.