The National Housing Company

The National Housing Company (NHC) is a real estate development and investment company in the residential and real estate sectors. The company was established in 2016, as the investment arm of the initiatives and programs of the Ministry of Municipal, Rural Affairs and Housing in the Kingdom of Saudi Arabia. In 2020, after its business grew, the company's ownership was transferred to the state.

NHC seeks to become one of the experienced companies in real estate solutions and development within the Kingdom. Moreover, it offers strategic partnership opportunities to the public and private sectors. NHC deals with urban projects and strives to maintain their quality with the help of experienced real estate developers, in addition to keeping up with Saudi Vision 2030 in real estate development and national economic growth.

The company's strategy seeks to become an enabler for the real estate supply system by allowing the private sector to develop and advance the real estate market, and improve its services in order to strengthen the sustainability of the company's business and the real estate supply system.

NHC has several subsidiaries, most notably the National Housing Services Company, which supports its partners in performing the basic required tasks, and the National Finance Services Company, which seeks to become a central funding management platform for the Saudi Real Estate Refinance Company in terms of refinancing banks and financing companies. Another subsidiary is the National Asset Management Company, which increases and develops the efficiency and quality of assets and facilities in the real estate sector, according to the best international practices.

Real estate development and investment in the National Housing Company involve several sectors, namely the real estate investment sector, which is the investment front of NHC, as it prepares and implements a business strategy for real estate investment and business development by leveraging investment opportunities in the local real estate market to achieve financial sustainability, in line with the company's orientations. On the other hand, the real estate developing sector is the executive sector that achieves the company's goals of becoming a leader in real estate. It is the company's major developer, in partnership with the private sector, which is concerned with the phases of real estate development, as well as the establishment and construction of various properties to meet the agents' wishes and the market's demands. Moreover, the sector is also accountable for marketing and selling the products to the beneficiaries and non-beneficiaries of the Sakani Program.

NHC business sectors also include the corporate sector and real estate development operations, as vital partnerships with the private sector are signed to provide housing products and solutions that meet the needs of citizens. Another NHC sector is commercial development, which expands the circle of commercial activity and sponsors the media that supports the commercial sector, in an effort to position the Kingdom at the forefront of this industry. Affordable housing is the third sector concerned with providing housing units to poor families who are also eligible to benefit from housing support. Furthermore, the land development sector is specialized in developing land and housing schemes, and strengthening and enhancing productivity and efficiency. Finally, the General Administration for Developed Self-Construction is responsible for providing all housing solutions to the beneficiaries in order to choose the suitable property, according to their needs.