His Royal Highness Prince Salman bin Sultan bin Abdulaziz, Governor of Madinah region, stressed that the launch of the “Sunset Destination” project is one of the prominent evidence of the rapid development witnessed by the real estate sector in the Kingdom, thanks to the unlimited support provided by the government of the Custodian of the Two Holy Mosques and His Highness the Crown Prince - may God protect them, this came during the launch of the “Sunset Destination” project, the latest <a href="https://nhc.In the presence of HE Minister of Municipalities and Housing Mr. Majid bin Abdullah Al-Haqeel and HE Provincial Secretary Engineer Fahad bin Mohammed Al-Balishi.
H.H.H. Prince Salman pointed out that the Sunset Destination project is the latest destination of NHC. HH Prince Salman bin Sultan pointed out that the project embodies part of the keenness of the wise leadership to achieve the objectives of the Kingdom's Vision 2030 and enhance the quality of life by creating sustainable urban environments that meet the aspirations of the population, while preserving the cultural and heritage identity associated with Medina.
HHHH Prince Salman bin Sultan expressed his appreciation for the project.
<His Highness expressed his thanks and appreciation to the Minister of Municipalities and Housing Majid Al-Hogail for his tangible efforts in developing the real estate sector and his continuous support for quality initiatives and projects, and praised the role of NHC and its partner developers in providing distinctive housing options to serve the residents and visitors of Madinah.
During the ceremony, NHC CEO Mohammed bin Saleh Al-Batti delivered a speech during which he reviewed the company's achievements in the field of real estate development, explaining that the company has launched 39 projects in 17 cities in the Kingdom with a total value of 92 billion riyals.
He pointed out that these projects were launched with a total value of 92 billion riyals. <He pointed out that these projects serve more than one million people, where 88 thousand housing units have been sold so far, and more than 50 thousand Saudi families have lived in them, adding that the company seeks to raise the home ownership rate in the Kingdom to 70% by 2030, and the rate has currently reached 63%. He also emphasized that NHC aims to provide 300,000 housing units by 2025. <Al-Batti explained that the company is working to innovate and expand its project portfolio, as it operates 10 real estate digital platforms that serve 20 million customers and account for 70% of real estate transactions in the Kingdom. In addition, the company seeks to strengthen its strategic partnerships to attract foreign investments, contributing to supporting the national economy and realizing the Saudi Vision 2030. The attendees watched a presentation on the Sunset Destination project, which extends over an area of more than 4 million square meters and provides more than 6,000 residential units with modern designs inspired by the architectural style of Medina, enhancing the spirit of belonging and comfort for its residents, and is strategically located west of Medina on King Khalid Road (the third ring road).
The presentation also included an explanation of the real estate transactions in the Kingdom. The presentation also included an explanation of the components of the destination, which includes a lively and attractive environment with more than 450,000 square meters of green spaces and gardens to provide social and recreational spaces, in addition, the destination contains various facilities including 17 mosques, 16 schools, and 27 service and commercial centers, providing families with an integrated and vibrant residential experience.
At the end of the ceremony, a ceremony was held to mark the end of the ceremony. At the end of the ceremony, H.H. the Emir of Madinah sponsored the signing of several real estate development agreements between NHC and investment companies, including Innovative Real Estate Investments, Inbat Contracting, Al Sabaq Al Arabi for Trading and Contracting, Talad Real Estate, and Miskan Industrial, to develop five projects in Sunset Destination within the first phase, according to the highest standards of quality and sustainability.
The agreements also included the signing of a partnership between NHC and a number of investment companies. The agreements also included a partnership with Al Othaim Investment Group to develop the "Aldar Oasis“ project, which will offer commercial facilities with an area of more than 65,000 square meters, and another agreement with Al Babtain Company to implement an electrical switching station project with its feeder lines, to meet the full electrical needs of the destination.
Live streaming of the launch ceremony of the # Sunset urban destination from #NHC in Medina.
https://t.co/MprHpdGvt1- NHC (@SaudiNHC) November 27, 2024
