logo
Saudi National Housing Company extends strategic partnership with China's CSCEC

Saudi National Housing Company extends strategic partnership with China's CSCEC

Zawya29-04-2025
Riyadh -- The National Housing Company (NHC) announced the extension of its strategic partnership with China State Construction Engineering Corporation (CSCEC), in the presence of Minister of Municipalities and Housing Majed Al-Hogail.
The partnership aims to build 20,000 housing units within NHC destinations.
This partnership has been activated through the implementation of several projects across various NHC destinations in Eastern Region, Riyadh, and Jeddah, exceeding 3,800 housing units.
The partnership is an extension of the Saudi-Chinese partnership series and several agreements signed with Chinese companies during the official visit to China by Minister Al-Hogail and NHC CEO Mohammed Bin Saleh Albuty. The collaboration will significantly contribute to the development of the real estate sector.
NHC stated that the partnership extends its efforts to enhance the real estate supply and inject more housing units through quality partnerships with major international companies to establish urban destinations with high-quality standards across Saudi Arabia.
NHC continues to provide services in the real-estate sector, developing urban projects that foster community prosperity according to high-quality standards, building robust supply chains, improving customers' daily life experiences, and aiming to deliver outstanding destinations that meet aspirations and achieve long-term investment returns..
-- SPA
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi Arabia To Host Trio of Co-located Trade Events and Turn Riyadh into Sourcing Hub for Toys, Stationery, and Corporate Gifting
Saudi Arabia To Host Trio of Co-located Trade Events and Turn Riyadh into Sourcing Hub for Toys, Stationery, and Corporate Gifting

Web Release

time8 hours ago

  • Web Release

Saudi Arabia To Host Trio of Co-located Trade Events and Turn Riyadh into Sourcing Hub for Toys, Stationery, and Corporate Gifting

Saudi Arabia To Host Trio of Co-located Trade Events and Turn Riyadh into Sourcing Hub for Toys, Stationery, and Corporate Gifting Riyadh will become the epicentre of a series of trade-only exhibitions next month when dmg events organises the inaugural Kids & Toys Expo Saudi Arabia, Stationery & Paper Expo Saudi Arabia, and Gifts & Homeware Expo Saudi Arabia. All three shows will be co-located under one roof at the Riyadh Front Exhibition & Conference Centre from 16-18 September, providing attendees with a comprehensive platform for all their sourcing needs. The debutant trio represents the Kingdom's first full-service B2B sourcing hub, giving local distributors and traders, retailers and resellers, government stakeholders, mega project developers, entrepreneurs, and investors, the opportunity to meet more than 150 regional and global exhibitors. Among the confirmed exhibitors are representatives from 23 countries, including four with their own major national pavilion: China, Türkiye, and Hong Kong. The co-location also offers buyers the opportunity to consolidate multiple procurement needs in a single visit, streamlining supply chains and reducing sourcing time while fuelling strategic partnerships that support Vision 2030 goals. 'This represents something of a marketplace revolution,' said Jasmeet Bakshi, Vice President, Design and Hospitality at dmg events. 'For the first time, three dedicated B2B exhibitions will run side-by-side at the Riyadh Front Exhibition & Conference Centre, creating a sourcing super-hub designed to transform how Saudi businesses buy, connect, and grow. 'By co-locating these specialised events, we are enabling buyers to meet world-class suppliers, discover market-ready innovations, and forge valuable partnerships in a single visit. The concept is simple but powerful: Bring the right people and the right products together in one place, and business will happen faster. For busy buyers, this means less travel, less time lost, and more strategic sourcing.' Three Industries, One Destination for Business Growth At the Kids & Toys Expo Saudi Arabia – the Kingdom's first trade event uniting the full kids and toys ecosystem from educational to hi-tech and digital children's products – visitors will step into a world of creativity, innovation, and imagination. With a heavily import-dependent market forecast to grow 12 per cent annually to reach a value of US$1.4 billion by 2030, the Kingdom's demand for high-quality, innovative toys is soaring. From Global brands such as Mattel, Hasbro, Disney, Crayola and Spinmaster to AI toy leader Anki Toys and leading local players such as Samaco Toys, Al Shula, Supreme Trading, Hobbies Castle, the show will reveal the trends shaping the future of play. 'This exhibition has the power to be a gateway to market transformation by being a springboard for local manufacturing and strategic partnerships,' added Bakshi. The Stationery & Paper Expo Saudi Arabia will unveil and celebrate the tools that power schools and offices, from sustainable paper products and smart office solutions to premium writing instruments from brand leaders including Abo Moati, Pilot Pens, Linc Limited, the BNB Group, and DOMS. Highlighting artisanry, innovative designs, and corporate gifting, the show is a window into how tradition meets innovation in an industry where creativity is increasingly both physical and digital. 'Stationary and Paper Expo Saudi Arabia promises to be a hub for idea empowerment through paper, where innovation and technology are answering sector-wide demand for sustainability and smart office solutions,' said Bakshi. 'Visitors can look forward to seeing the latest in eco-friendly notebooks, digital writing tools, and smart organisation systems, as well as leveraging the synergy with the co-located shows for enhanced networking and efficiency.' Completing the trio is the Gifts & Homeware Expo Saudi Arabia, a curated display of corporate gifting solutions, artisan crafts, and lifestyle products. Confirmed exhibitors include Event Gifts, Alpha Arts, Rooh, Green Point, Abreeze, Sima Creative and Crystal Arc, which will unwrap exceptional business opportunities. 'This is a timely event to service the rising disposable income in a Kingdom experiencing robust growth in retail, home décor and gifting,' added Bakshi. 'Visitors will also be able to experience products first-hand, network and learn via a programme of interactive demos, and business and panel sessions.' Beyond the Show Floor – The Creative Circle Running alongside the exhibitions, The Creative Circle is a dynamic two-day conference that will bring together more than 25 industry leaders for high-impact discussions and trend analysis. Attendees will to have access to various skill-building features – including a special collaboration with Artse, the leading marketplace for works by some of the world's best emerging and established artists. Designed as a fast-paced forum to spark ideas and foster collaboration, Creative Circle attendees will gain an insider's perspective into the trends shaping the region's retail, homeware, and gifting sectors via fast-paced panels, expert-led discussions. 'The Creative Circle is a business accelerator for the Kingdom, a platform for growth,' said Bakshi. 'It adds another layer of opportunity by offering exclusive insights on trends, consumer behaviour, and creative strategies that can directly shape business for years to come.' Global Reach, Local Impact With more than 5,000 visitors expected, the expos are tailored exclusively for B2B buyers — from large retailers and corporate procurement teams to boutique wholesalers and e-commerce entrepreneurs. Products displayed are hand-selected for the Saudi market, ensuring they meet local business needs and consumer preferences. 'Sure, this sourcing cluster is focused on bringing products to Saudi Arabia, yet it's also strongly focused on aligning with Vision 2030 through its encouragement of local manufacturing, boosting retail competitiveness, and positioning the Kingdom as a sourcing powerhouse in the region,' added Bakshi. 'Every product on display is hand-selected for the Saudi market, ensuring cultural relevance and immediate business potential.' Organiser dmg events is also ensuring the three expos reflect global best practice in sustainability. Plastic-free badges and cups, replacing single-use plastic bottles with glass, and donating used food to workers are some of the visible steps attendees may notice next month. Meanwhile, QR code-driven marketing, reusable exhibition structures, and biofuel-powered logistics all ensure the shows are designed with environmental responsibility in mind.

Powerful new documentary spotlights world's largest humanitarian logistics hub in Dubai
Powerful new documentary spotlights world's largest humanitarian logistics hub in Dubai

Zawya

time9 hours ago

  • Zawya

Powerful new documentary spotlights world's largest humanitarian logistics hub in Dubai

First six months of 2025 saw AED179.2M of humanitarian aid distributed from Dubai Humanitarian across 81 countries, reflected in its Humanitarian Logistics Databank Dubai, UAE – Dubai Humanitarian, the world's largest humanitarian logistics hub, has unveiled a new documentary, Coming Together: The Dubai Humanitarian Story - a gripping behind-the-scenes look at the premier disaster response facility. From devastating floods in Pakistan to the escalating conflict in Gaza, the film captures real-time coordination between United Nations agencies, international NGOs, and government partners. It reveals how Dubai Humanitarian's 150,000 sqm of warehouses - donated by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai - enables life-saving supplies like vaccines, health kits, and clean water to reach crisis zones within hours. The documentary highlights the critical role of partners including the UN World Food Programme and UNHCR, and government logistical partners like Dubai Customs and Emirates Airline, whose close collaboration ensure relief efforts are swift, seamless, and scalable. Their combined expertise in customs clearance, logistics, and airlift capacity has proven vital in overcoming the most complex humanitarian challenges and ensuring response and aid are provided in record time. This new documentary also underscores the human stories behind the headlines - of aid workers, customs officials, and airline crews working as one to deliver hope. 'Dubai Humanitarian is more than a logistics hub - it's a global lifeline,' said Giuseppe Saba, CEO, Dubai Humanitarian, 'This film shows what's possible when the world comes together, and when the UAE leads with purpose.' Saba added: '2025 continues to bring extraordinary global challenges. Working alongside our UN partners and other relief organisations, in just the first half of the year Dubai Humanitarian facilitated the delivery of over AED 179.2 million in aid to 81 countries across the globe, with the need for shelter and health aid being particularly striking. We remain steadfast in our commitment to stand with our international humanitarian community in safeguarding the most vulnerable.' Head of the United Nations Office for the Coordination of Humanitarian Affairs (UN OCHA) UAE, Sajeda Shawa, said: 'We need to make sure humanitarian aid is delivered based on humanitarian principles - with no discrimination and with equality. Being the voice of those who have no voice is not a luxury - it's a responsibility, an honour and a life calling.' Dubai Humanitarian's one of a kind, AI-powered Humanitarian Logistics Databank enables real-time analytics, demand forecasting, and stock visibility across time zones. It helps aid agencies anticipate needs, avoid price spikes, and prepare for seasonal surges, such as monsoon-related shelter demand in Bangladesh. Dubai's strategic location, just 10 minutes from Jebel Ali Port and Al Maktoum Airport, allows humanitarian cargo to reach two-thirds of the world's hazard-prone population within 4 to 8 hours. As the databank expands to 11 hubs, aid will be increasingly sourced locally, reducing carbon emissions and delivery times. The powerful behind the scenes documentary premiers on World Humanitarian Day, 19 August, on the Dubai Humanitarian YouTube channel Dubai Humanitarian aid in numbers (Jan to Jun 2025) $48.8m Aid worth $48,867,298 distributed from Dubai Humanitarian. 81 Aid sent to 81 countries. $14m Health Aid: This included $13,969,276 worth of health accessories, medical equipment, pharmaceutical items and more. $1m Water and Sanitation Aid: The demand for water and sanitation aid included $733,297 worth of water supply items, ranging from buckets and containers to Jerry Cans. $15m Shelter Aid: Almost a third of all aid was allocated to shelter. This included 937,377 pieces of camping and field equipment, from tents to winterisation kits $208.1m Stock value available at Dubai Humanitarian in June 2025. 25 During the first half of 2025, key moments included the 25th Dubai Humanitarian airlift for Gaza. The April operation delivered 56.8 metric tonnes of critical medical supplies worth over $1million (AED4.3million), provided by the World Health Organization (WHO), to El Arish Airport in Egypt. About Dubai Humanitarian: Dubai Humanitarian, formerly known as the International Humanitarian City, is the largest humanitarian hub in the world. Established in 2003 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, it was created to proactively support the efforts of the international humanitarian community. As the only non-profit, independent humanitarian free zone authority, Dubai Humanitarian is home to a diverse community of around 80 members, including United Nations agencies, non-profits, non-governmental organizations, and commercial companies. Together, they work to advance humanitarian and development efforts worldwide. Benefits of the Humanitarian Logistics Databank To countries in need of aid: Real-time analytics and 24/7/365 visibility of aid levels – daily updates provides accurate data, especially convenient across time zones and saves phone calls Enhanced co-ordination and faster identification of aid partners – countries requiring aid have access to detailed data, including which members from UN World Food Programme to UNICEF within Dubai Humanitarian have how much of each product, so they can approach them direct for support, knowing their current stock levels To Dubai Humanitarian-based aid agencies: Prepare more effectively by anticipating aid demand – as aid flows can be tracked over time, through its ongoing AI backed data analysis, Dubai Humanitarian can advise aid agencies when demand will likely peak and aid levels will run low. For example, during the August monsoon season in Bangladesh, Dubai Humanitarian identified the higher annual demand for tents and blankets. Aid agencies at Dubai Humanitarian can then build up stocks ahead of time Avoid price spikes – By building up stock ahead of demand spikes, aid agencies can manage stocks more effectively and purchase aid ahead of price surges. To Dubai Humanitarian Anticipate storage needs - Dubai Humanitarian continually analyses its data to understand changing demand for different types of aid. By recognising the increase in health product demand in the early years of the databank, Dubai Humanitarian were able to expand its cold storage solutions and were then more prepared for the Covid-19 response as a result. Global sustainability Reducing travel distances and carbon emissions - Due to Dubai's strategic geographic position on the path between Middle East, Asia and Africa, and Dubai Humanitarian being located only 10 minutes away from the Jebel Ali seaport and Al Maktoum airport, it enables the humanitarian community to reach, within 4-8 hours, two-thirds of the world population living in hazard-prone areas. Future view: locating local aid – As the databank grows to include up to 11 hubs, countries and organisations in need will be able to effectively locate their closest available aid, reducing travel time and emissions, with aid able to travel by road and sea rather than air.

Saudi firms in deal to offer 40,000 homes in 24 projects
Saudi firms in deal to offer 40,000 homes in 24 projects

Zawya

time11 hours ago

  • Zawya

Saudi firms in deal to offer 40,000 homes in 24 projects

Saudi Arabia's Real Estate Development Fund (REDF), the National Housing Company (NHC), and the Saudi National Bank (SNB) have signed a tripartite agreement aimed at enhancing homeownership opportunities and supporting the stability of the real estate market. Minister of Municipalities and Housing Majed Al-Hogail attended the signing ceremony, hosted at the REDF headquarters in Riyadh, said a Saudi Press Agency report. The agreement is set to empower beneficiaries to own homes in more than 24 residential projects distributed across various regions of the kingdom, offering over 40,000 diverse housing units through a competitive financing offer with profit margins as low as 2.99%. This initiative is part of efforts to enhance strategic partnerships and diversify financing solutions, allowing beneficiaries of the off-plan product to access options that align with their financial capabilities and housing needs. It supports the objectives of the Housing Program under Saudi Vision 2030, the report said. REDF CEO Loaye Al-Nahedh, NHC CEO Mohammad Albuty, and SNB CEO Tareq Al-Sadhan signed the agreement. The REDF emphasised that this collaboration marks a new phase in its partnerships with the real estate development and banking sectors. The integration among the three entities will accelerate homeownership rates through innovative financing solutions, contributing to a more stable real estate market and expanding homeownership options, the fund added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store