The National Housing Company (NHC) is participating as a Diamond Sponsor of the "Restatex" real estate exhibition, which kicked off the day before yesterday and runs through February 21 at the Riyadh International Convention and Exhibition Center, bringing together real estate professionals—including developers, marketers, financiers, and investors—as well as members of all segments of society under one roof.
“National Housing” welcomes visitors interested in learning about projects located in the suburbs and communities, and is featuring the Al-Fursan suburb in Riyadh, which is considered the largest residential suburb in the Kingdom.
National Housing showcases its latest residential communities at the exhibition
The National Housing Company’s sponsorship of this event stems from its role as a leader in real estate development, where, through its participation, it showcases the latest suburbs and urban communities that have contributed to increasing the real estate supply in the Kingdom and brought about a qualitative leap in living standards, with 11 real estate developers participating in its pavilion; to showcase the services offered and the ease of digital procedures, and to provide individuals and investors with innovative housing solutions for purchasing residential units and registering interest in projects available to all segments of society.
The company is providing insight into its substantial business volume and targets for 2024, during which it will launch more than 88,000 residential units and will work to launch numerous investment projects worth over 6 million riyals, including office and hotel towers, as well as commercial, entertainment, healthcare, and educational centers, during the current year—a project that may be the largest in the Middle East—through collaboration with successful local and global partners.
Highlighting the real estate sector’s influential role in diversifying investment sources
The exhibition aims to highlight the real estate sector’s influential role in diversifying investment sources and to showcase developments and updates in the Saudi real estate sector regarding residential and commercial projects, as well as the market’s innovations in design, space utilization, features, housing finance programs, and sales processes for customers.
It is worth noting that the 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 that are characterized by a high quality of life, It is working to deliver more than 300,000 housing units by 2025, with a value exceeding a quarter of a trillion riyals, accommodating more than 1.5 million citizens. It seeks to find solutions to secure high-quality supply chains and more sustainable construction materials, as part of the company’s commitment to increasing the real estate supply with housing options that meet international standards, in order to achieve the goals of the Housing Program—one of the programs under Saudi Vision 2030—by raising the homeownership rate for Saudi families to 70%.
