Mohamed Al-Bati, CEO ofNational Housing Co. (NHC)
The value of National Housing Co.’s (NHC) real estate portfolio is expected to reach more than SAR 225 billion by the end of 2025, in partnership with 90 local and international real estate developers, said CEO Mohamed Al-Bati. 
The company’s real estate supply is set to reach 300,000 housing units in 2025, and 600,000 in 2030, he added, Al-Bati in his speech today, during the Real Estate Supply Chains Forum 2024.
The company launched last year Mawad platform to support local content and raise the efficiency of the local industry. Transactions carried out via the platform have so far reached more than SAR 2 billion, while the number of agreements on the platform since its launch has reached 140 agreements, with more than 90 local factories and suppliers. These agreements contributed to securing construction materials for the company’s projects and achieving 20% savings for developers and contractors, Al-Bati clarified.
Furthermore, NHC launched earlier this year the Rakaez program, through which it seeks to strengthen local content in its projects, said the top official, adding that NHC reached 54% as a percentage of utilizing local content in its projects and contracted with more than 2,000 establishments locally.
NHC signed earlier this month a qualitative agreement with China’s CITIC Construction Group to establish an industrial city and logistics zones for building materials. The project will include 20 factories at the current stage, and aims to meet the needs of NHC projects for building materials. The value of this partnership has reached SAR 3 billion and will likely contribute effectively to improving the quality of NHC projects, as well as boosting local production and creating about 10,000 job opportunities. It is expected that this industrial city will contribute to maximizing the economic and development impact of the real estate sector with a value of up to SAR 33 billion, Al-Bati stated.
Mohamed Al-Bati, CEO ofNational Housing Co. (NHC)
The value of National Housing Co.’s (NHC) real estate portfolio is expected to reach more than SAR 225 billion by the end of 2025, in partnership with 90 local and international real estate developers, said CEO Mohamed Al-Bati.
The company’s real estate supply is set to reach 300,000 housing units in 2025, and 600,000 in 2030, he added, Al-Bati in his speech today, during the Real Estate Supply Chains Forum 2024.
The company launched last year Mawad platform to support local content and raise the efficiency of the local industry. Transactions carried out via the platform have so far reached more than SAR 2 billion, while the number of agreements on the platform since its launch has reached 140 agreements, with more than 90 local factories and suppliers. These agreements contributed to securing construction materials for the company’s projects and achieving 20% savings for developers and contractors, Al-Bati clarified.
Furthermore, NHC launched earlier this year the Rakaez program, through which it seeks to strengthen local content in its projects, said the top official, adding that NHC reached 54% as a percentage of utilizing local content in its projects and contracted with more than 2,000 establishments locally.
NHC signed earlier this month a qualitative agreement with China’s CITIC Construction Group to establish an industrial city and logistics zones for building materials. The project will include 20 factories at the current stage, and aims to meet the needs of NHC projects for building materials. The value of this partnership has reached SAR 3 billion and will likely contribute effectively to improving the quality of NHC projects, as well as boosting local production and creating about 10,000 job opportunities. It is expected that this industrial city will contribute to maximizing the economic and development impact of the real estate sector with a value of up to SAR 33 billion, Al-Bati stated.
