Saudi housing firm unveils 11 projects in Riyadh’s Khuzam area

Saudi Arabia’s National Housing Company (NHC) has initiated 11 residential developments within Riyadh's burgeoning Khuzam area, a strategic move to expand the Kingdom's housing supply. This initiative is poised to deliver more than 10,000 units, addressing the growing demand for modern, high-quality living spaces.

These projects form part of NHC's broader commitment to enhancing homeownership rates under Saudi Vision 2030, with a particular emphasis on catering to the diverse needs of Saudi families. The developments feature a mix of luxury villas, contemporary apartments, and integrated communities designed with world-class urban planning principles. The aim is not only to accommodate the rising population but also to foster vibrant neighborhoods with access to essential amenities such as schools, parks, and retail spaces.

Located in a strategic part of Riyadh, the Khuzam area is gaining attention as a focal point of urban expansion, benefiting from improved connectivity and proximity to key infrastructure. The housing developments are tailored to attract a wide demographic, from young professionals seeking urban apartments to families desiring spacious villas.

The unveiling of these projects aligns with NHC's ambition to collaborate with private sector developers to fast-track construction timelines and ensure delivery of high-quality residences. This approach is central to the company’s efforts to meet Saudi Arabia’s national housing targets, which aim to elevate homeownership rates to 70% by 2030. As part of this vision, the NHC is also prioritizing sustainability and the incorporation of green building practices to minimize environmental impact.

This initiative underscores Saudi Arabia's commitment to bolstering its housing sector, which has witnessed significant reforms and investments in recent years. By introducing these developments, the NHC aims to enhance the quality of life for its citizens while fostering economic growth through job creation in construction, real estate, and associated industries. Moreover, these projects are anticipated to contribute to the localization of real estate expertise, a key component of the Kingdom’s economic diversification agenda.
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