Saudi’s National Housing Company launches Phase 2 of Murcia project

SourceArabian Industry
SectorReal Estate
CountrySaudi Arabia

Riyadh-headquartered National Housing Company – a Saudi Arabia government holding company, wholly owned by the KSA Ministry of Housing – has launched Phase 2 of the Murcia project – “Nasaj Town” in Riyadh. Phase 2 of the project is one of the under-construction projects that the National Housing Company is implementing as part of a private-public-partnership to provide 690 residential villas to Saudi families. The Murcia project – which is being implemented by the National Housing Company as a major developer in cooperation with other real estate developers – is located north of Riyadh within the suburb of Al-Jawan along major pivotal roads. The overall Murcia project extends over an area of ​​more than 5km2 and provides more than 9,000 housing units to accommodate more than 50,000 people. The built-up area more...