The National Housing Company (NHC) launched today the projects \u201cRawya\u201d and \u201dMilaa\u201d in the Jawani and Khila areas of Riyadh and Khayla in Jeddah, with the aim of enhancing the housing real estate supply in Riyadh and Jeddah, under the patronage of His Excellency the Minister of Municipal Affairs, Rural Development and Housing, Mr. Majed bin Abdullah Alhakil, and in the presence of His Excellency the Governor of Jeddah, Mr. Saleh bin Ali Al Turki, through a video call from the Comprehensive Housing Center in Jeddah.
The \u201cRawya\u201d residential project, covering an area exceeding 780,000 m2, provides for approximately 1,060 units under construction within the second phase of the \u201cMarasya\u201d project located in the suburb north of Riyadh, while the \u201cMialaa\u201d project includes 819 under construction villas on an area of more than 400,000 m2 within the \u201cKhiala\u201d suburb in the Jeddah governorate, being developed by \u201cNational Housing\u201d as the main developer. Reservations for the \u201cRawya\u201d residential project will be available at the interactive \u201cMarasya\u201d center located in the \u201cJwan\u201d residential suburb, while reservations for the \u201cMialaa\u201d project will be available at the comprehensive residential center in Jeddah, for more details on the project and to take advantage of the financing options offered by \u201cSkini\u201d to the beneficiaries.
For his part, His Excellency the Secretary of the Jeddah Governorate confirmed that the National Housing Company has sought to provide suitable housing for Saudi families and achieve the goals of the Kingdom Vision 2030, by increasing the real estate supply in the Kingdom in general and in Jeddah specifically. He pointed out that the company is working on developing approximately 10 projects in Jeddah to provide more than 23,000 housing units with the aim of increasing the percentage of Saudi families owning their own homes to 70% by 2030, in accordance with the goals of the Housing Program \u2013 one of the programs of the Kingdom Vision 2030.
His Excellency noted that within its expansion plans, the National Housing Company aims to provide more integrated housing projects to meet the aspirations of Saudi families and enhance the growth of real estate supply in the Kingdom in partnership with private real estate developers by creating suitable solutions for Saudi families to obtain suitable housing at the appropriate price and quality, to enhance market balance by supporting and enabling the real estate supply, while introducing a new concept of modern housing in accordance with the highest standards of quality of life, expressing the satisfaction of the work system with the honesty of the governorate of Jeddah for these projects, which he described as exceptional to ensure the quality of urban planning and reduce slums.
For his part, the Executive President of the National Housing Company, Eng. Mohammed Al-Bati, pointed out that the pioneering role of the company comes as an investment arm of the Ministry of Municipal Affairs, Rural Affairs and Housing in the residential real estate development, and the launch of many projects across the Kingdom as part of the company\u2019s plans and ongoing efforts to enhance the real estate supply and provide housing units to help Saudi families and beneficiaries of the Housing Program to own their homes, in addition to developing exemplary residential neighborhoods that provide a quality of life within partnerships with qualified real estate developers with experience and expertise in infrastructure development, construction, and construction.
It is reported that the National Housing Company recently launched a number of residential projects as the main developer in cooperation with sub-developers with the private sector, including the \u201cAl-Asala al-Jowan\u201d project in the second phase of the \u201cMarasya\u201d project in the Al-Jowan neighborhood, which provides 600 residential units, in addition to what was launched earlier during the second half of 2020, such as: the \u201cNasaj Town\u201d project that provides 690 villas, the \u201cNargis View\u201d project that provides 728 residential units, the \u201cMahindha\u201d project that includes 628 villas, in addition to the \u201cSarayya al-Jowan\u201d project that includes 936 townhouses, the \u201cRabbia\u201d project that provides 670 villas, in addition to 3 projects within the \u201cKhiala\u201d neighborhood in the north of Jeddah, namely the \u201cSama Jeddah\u201d project that provides 858 apartments, the \u201cDar Sumo\u201d project that includes 412 villas, the \u201cMahindha\u201d project that provides 317 villas, and those projects have witnessed great interest, leading to the reservation of the majority of their units within a few days of their launch.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The National Housing Company (NHC) today inaugurated the \u201cRawaa\u201d and \u201dMila\u201d projects in the suburbs of Al Jawan in Riyadh and Khayyala in Jeddah with the aim of enhancing the residential real estate supply in Riyadh and Jeddah, under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, in the presence of His Excellency the Governor of Jeddah, Mr. Saleh bin Ali Al Turki, via video call from the comprehensive Sakani Center in Jeddah Governorate. ... 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