Logo of National Housing Co. (NHC)
National Housing Co. (NHC) made an announcement today, Jan. 30, about Al-Fursan District and the second phase of Khozam District in Riyadh, which offer the largest real estate supply in the Saudi capital, the state-run SPA reported.
Located 35 kilometres northeast of Riyadh, Al-Fursan spans a total area of 35 million square meters and aims to build more than 50,000 residential units for more than 250,000 people.
Khozam District, situated in the north of Riyadh on a total area of over 21 million square meters, plans to build 30,000 homes for 150,000 people. NHC expected the delivery of these units to start in early 2026.
NHC intends to increase home supply in the Kingdom, particularly Riyadh.
This comes in line with the objectives of the Kingdom’s housing program, which strives to raise the home ownership percentage among Saudi households from over 60% in 2020 to 70% by 2030.
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