Mohammed Albuty, CEO ofThe National Housing Company (NHC)
The National Housing Company (NHC) launched today, Nov. 17, more than 134,000 available housing units with a total value exceeding SAR 100 billion, CEO Mohammed Albuty revealed. 
He noted that this initiative is part of its plan to reach 300,000 available units by the end of this year.
Speaking at the Cityscape Global 2025 Exhibition, Albuty said that NHC’s local partnerships have expanded to include international investors.
He announced new partnerships worth more than SAR 8 billion with entities from South Korea, China, and Egypt, bringing the total value of NHC’s global partnerships to over SAR 40 billion.
He also unveiled new residential, commercial, and other investment opportunities worth more than SAR 60 billion for 2026, in addition to a new strategic partnership with HUMAIN to collaborate in innovative artificial intelligence (AI) fields.
According to an Oxford Economics report, Albuty said the company is expected to support more than 381,000 direct and indirect jobs in 2025 and contribute over SAR 53 billion to non-oil GDP.
He added that the company’s portfolio reached SAR 250 billion by the end of this year and is expected to exceed half a trillion riyals by 2030.
Mohammed Albuty, CEO ofThe National Housing Company (NHC)
The National Housing Company (NHC) launched today, Nov. 17, more than 134,000 available housing units with a total value exceeding SAR 100 billion, CEO Mohammed Albuty revealed.
He noted that this initiative is part of its plan to reach 300,000 available units by the end of this year.
Speaking at the Cityscape Global 2025 Exhibition, Albuty said that NHC’s local partnerships have expanded to include international investors.
He announced new partnerships worth more than SAR 8 billion with entities from South Korea, China, and Egypt, bringing the total value of NHC’s global partnerships to over SAR 40 billion.
He also unveiled new residential, commercial, and other investment opportunities worth more than SAR 60 billion for 2026, in addition to a new strategic partnership with HUMAIN to collaborate in innovative artificial intelligence (AI) fields.
According to an Oxford Economics report, Albuty said the company is expected to support more than 381,000 direct and indirect jobs in 2025 and contribute over SAR 53 billion to non-oil GDP.
He added that the company’s portfolio reached SAR 250 billion by the end of this year and is expected to exceed half a trillion riyals by 2030.
