Saudi Housing Gets Boost From China Partnership

Saudi Housing Gets Boost From China Partnership

Arabian Post -The housing market in Saudi Arabia is set for a significant boost following a recent agreement between the Saudi National Housing Company (NHC) and China Machinery Engineering Corporation (CMEC). The deal, signed in Beijing, aims to address the country’s housing needs by constructing 20, 000 new residential units. This collaboration brings together NHC, a leading real estate developer in the Middle East, with CMEC’s expertise in construction. […]

via Saudi Housing Gets Boost From China PartnershipArabian Post -

The housing market in Saudi Arabia is set for a significant boost following a recent agreement between the Saudi National Housing Company (NHC) and China Machinery Engineering Corporation (CMEC). The deal, signed in Beijing, aims to address the country’s housing needs by constructing 20, 000 new residential units.

This collaboration brings together NHC, a leading real estate developer in the Middle East, with CMEC’s expertise in construction. The focus will be on building apartments in suburban and residential areas across the Kingdom. This initiative is expected to directly benefit Saudi citizens and families seeking affordable housing options.

The agreement aligns with NHC’s ambitious plan to develop a total of 300, 000 residential units by the end of 2025. This large-scale project involves