The housing units will be built in the Khuzam area.
NHC to build 10,000 new residential units in Riyadh
01 December 2024
Saudi Arabia’s National Housing Company (NHC) has announced the launch of 11 key residential projects in the Khuzam area of capital Riyadh featuring over 10,000 units – ranging from luxurious villas to contemporary apartments - thus catering to different clients’ needs.
These developments are part of NHC’s strategic push to diversify housing supply and address the varied needs of Saudi families, said the company.
The new projects include Khuzam Park Residence, with units up to 379 sq m and Tala Khuzam, offering units as large as 430 sq m, while Telal Khuzam has units of nearly 219 sq m, Iyali Khuzam (796 sq m), Jawharat Khuzam 1 (929 sq m), Nafah (600 sq m), Azyan Khuzam (200 to 471 sq m) and Jadaya (538 sq m). The projects also include Ewan Khuzam, which features villas with areas of up to 594 sq m.
This announcement comes on the back of NHC’s major project deals inked at the recent Cityscape Global in Riyadh. Over the course of the four-day exhibition, the Saudi housing group had signed more than 38 agreements worth over SR5 billion ($1.33 billion). One of the most significant deals was signed with Tatweer for a mixed-use project worth SR1.5 billion ($399 million).
The project, spanning 180,000 sq m, is located opposite King Abdullah Sports City (Al-Jawhara Stadium) in Jeddah.
- Mega districts unveiled for $63bn Diriyah project
- GlassPoint to build giant industrial solar thermal project
- Neom awards The Line’s design, engineering deals
- RSG likely to spend another $27bn by 2030: Report
- Acwa, Taqa groups secure 7.2GW power project deals
- Global firms to set up factories at Spark
- Tilal unveils $1.6bn luxury development in Al Khobar
- 16 developers in race for 3,000MW solar projects
- NHC to build 10,000 new residential units in Riyadh
- TDF to develop $372m resort in Eastern Region
- Aseer awards main contract for $266m ‘The Point’
