Saudi Arabia launches 134,000 new homes worth $27bn as NHC expands across 17 cities

Saudi Arabia will deliver more than 134,000 new housing units worth more than SR100bn ($26.67bn) across multiple urban destinations as part of the National Housing Company’s (NHC) expansion strategy, CEO Mohammed Albuty said at the opening of Cityscape Global 2025 in Riyadh.

Albuty confirmed that NHC’s developments now span 25 urban destinations across 17 cities, forming sustainable communities designed to integrate quality of life, employment opportunities, comfort and nature.

To date, more than 134,000 units have been sold, with more than 60,000 families already moving into NHC projects.

Saudi real estate investment

He said the company continues to direct investment into urban development and quality-of-life initiatives, highlighting the Khuzam destination, which recently received diamond accreditation from the Public Health Authority—making it the Kingdom’s first health-promoting destination.

The accreditation reflects NHC’s focus on environmental and lifestyle standards that support community well-being.

Albuty underscored NHC’s ambition to solidify its position as the region’s largest real estate developer, in alignment with Saudi Vision 2030.

To support this goal, the company has signed international partnerships valued at more than SR8bn ($2.13bn) with developers from Korea, China, Egypt and Türkiye to drive new real estate projects and premium urban destinations.

He said NHC is currently engaging with leading global companies in projects exceeding SR40bn ($10.67bn), reinforcing its commitment to attracting strong investment and development expertise into the Kingdom.

$16bn in new investment opportunities for 2026

Looking ahead, NHC announced SR60bn ($16bn) in housing and commercial investment opportunities for 2026, covering real estate development, supply-chain growth and sustainability-driven projects.

Albuty said NHC welcomes both local and international investors to join its mission to “redefine real estate development and elevate the housing experience to new levels.”

The company’s latest announcement forms part of its broader plan to reach 300,000 housing units by the end of 2025, strengthening its role as a key contributor to Saudi Arabia’s expanding real estate and urban development landscape.