01 March 2019

The Saudi National Housing Company (NHC) has signed an agreement with China State Construction Engineering Company for the construction of more than 5,000 housing units of various designs at an investment of SR2.5 billion ($655 million) in Riyadh.

This announcement came during the visit of HRH Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince of Saudi Arabia, Deputy Prime Minister and Minister of Defence, to China.

One of the largest residential developments in the capital, The Murcia Project will come up on a 2.7-million-sq-m area of land belonging to the Ministry of Housing in the northern part of the city.

Under this project, a total of 5,590 residential units – ranging from apartments to townhouses – will be built, said Engineer Mohammed Bin Saleh Albuty, the chief executive of NHC.

The project is a fully integrated residential complex that green spaces and public parks to ensure a modern residential environment that meets all the needs of the citizens, he added.

The infrastructure development work on the project has already started, he stated, adding that the use of modern construction technology would greatly help in the speed of delivery of the project, and ensure high quality.  

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• In Brief

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