Latest news with #NHCInnovation
Zawya
12-02-2025
- Business
- Zawya
Zain KSA signs MoU with NHC innovation to empower the Kingdom's real estate & municipal sectors
Zain KSA, the leading telecom and digital services provider in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with the NHC Innovation on the sidelines of LEAP 2025 in Riyadh. This strategic partnership aims to accelerate digital transformation in the real estate and municipal sectors, equipping them with cutting-edge solutions that drive smart city development and align with Saudi Vision 2030. The MoU reinforces the Housing Program goals, a key initiative under Saudi Vision 2030, which has launched major projects to meet housing demand, attract private sector investment, and create new job opportunities. It also supports Balady, a digital platform enhancing community engagement and streamlining municipal services through interactive digital channels. NHC Innovation plays a pivotal role in the development and operation of real estate and municipal digital solutions, providing integrated services targeting both the retail and business sectors, with the aim of creating an exceptional customer experience and adding real value to our partners, ensuring the highest levels of efficiency, preserving the rights of all parties, and promoting sustainability and innovation. As a key enabler of Saudi Arabia's digital future, Zain KSA plays a vital role in empowering infrastructure projects, advancing national initiatives, and driving digital transformation. Through sustainable, integrated digital solutions, Zain KSA is committed to fostering a knowledge-driven, diversified economy and supporting the Kingdom's long-term development goals.
Zawya
29-01-2025
- Business
- Zawya
Saudi: NHC mulls offering subsidiaries for public subscription
The National Housing Company (NHC) is studying the possibility of offering some of its subsidiaries, including NHC Innovation, for public subscription, the group's CEO, Mohammed Al Batty, unveiled. The proposed offerings, which were announced on the sidelines of the Real Estate Future Forum (RFF) 2025, align with NHC's objectives to expand its business scope in the real estate sector. NHC Innovation serves as the company's digital arm in real estate development. Al Batty also unveiled plans to set up 140,000 new housing units in 2025, half of which are in Riyadh and the remaining units in other major cities. During the event, NHC secured several agreements worth nearly SAR 30 billion with government entities and private sector companies. The company sold 27,000 housing units in 2024, recording a total turnover of SAR 27 billion. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Arab News
28-01-2025
- Business
- Arab News
Saudi Arabia's NHC to offer affordable homes 20% below market rates, CEO says
RIYADH: Saudi Arabia's state-owned developer NHC will price units 20 percent below market rates as part of its strategy to meet the surging demand for affordable housing, revealed its CEO. In an interview with Arab News on the sidelines of the fourth Real Estate Future Forum in Riyadh, Mohammed Bin Saleh Al-Buty stated that the company will offer more than 140,000 housing units in 2025, starting at SR375,000 ($99,979), 'which are very good prices, especially in Riyadh.' The company's goals align with Saudi Arabia's Vision 2030, which is seeking to address the rising housing demand driven by population growth and economic expansion. 'Most of the demand is in Riyadh, where we see the highest pressure on prices. However, we are also addressing demand in 17 cities nationwide, ensuring both affordability and quality,' Al-Buty said. He added: 'The focus we have is because the demand is real ... if there is demand, we have to focus on that. But we did not miss other cities as well. We are serving other cities.' This comes after the company launched NHC Innovation on the event's first day, a technology-driven subsidiary focused on delivering innovative real estate and municipal solutions while advancing new technologies. Al-Buty emphasized the importance of the development, saying: 'We became the largest real estate company and market leader, so we decided to spin off a subsidiary to drive innovation and enter a new era of providing AI services.' He added: 'We have more than 20 million clients in our database. The company was born big, and just in 2024, we had more than half a billion transactions. We also had over 3.5 billion visitors to the platform.' Al-Buty also highlighted NHC's efforts to proactively manage supply chain challenges by securing materials and contractors in advance. 'We work with both local and international suppliers to secure materials for the next two to three years. This helps us keep costs manageable despite the rising demand in the market,' he said. The CEO continued: 'That initiative was really great for our partners as well. If we succeed in securing those materials for our project at the current cost, I think we've done a great job, and we're even trying to acquire them at a lower cost.' He added: 'That's because the overall development in the country is driving prices a bit higher, so we're working to secure those materials on time and at the current cost.' NHC, which aims to supply 300,000 housing units by 2025, is expected to host over 1 million residents by 2030. That figure is projected to double to nearly 2 million in subsequent years. Al-Buty reiterated NHC's focus on delivering value to its clients. 'We are creating unique opportunities for ownership and investment while ensuring our housing solutions meet the market's needs.'
Leaders
27-01-2025
- Business
- Leaders
NHC Establishes Innovative Tech Firm to Transform Real Estate
The National Housing Company (NHC) has unveiled its latest venture, NHC Innovation, a cutting-edge technology company designed to deliver advanced solutions for the real estate and municipal sectors. This initiative underscores NHC's commitment to driving innovation, meeting evolving market needs, and enhancing its leadership in the industry. Additionally, the launch of NHC Innovation aims to strengthen the company's market position while fostering a culture of technological advancement and sustainability. Mohammed bin Saleh Albuty, CEO of NHC, highlighted that NHC Innovation will serve as the company's technological powerhouse, utilizing state-of-the-art technologies and industry best practices to create innovative solutions. Moreover, these efforts are geared toward enabling sustainable growth and unlocking new opportunities for partners and customers alike. 'This strategic step represents a major leap forward in delivering technological solutions that align with the aspirations of all stakeholders, driving excellence and competitiveness in the real estate and municipal sectors,' Albuty emphasized. NHC Innovation is set to develop and manage over 400 services for digital real estate platforms, catering to more than 19 million users. The company will also focus on accelerating digital transformation in real estate and municipal services, ensuring that individuals and businesses have access to cutting-edge solutions that meet market demands. Finally, NHC Innovation aims to reinforce the Kingdom's position as a global leader and enhance its competitiveness in the technology sector. Related Topics : NHC Announces Availability of Registering Interest in MORJANAProject Saudi NHC Reports Sales Exceeding SAR 13bn in H1 2024 NHC, Chinese CITIC to Establish Industrial City, Logistics Zones in Saudi Arabia Saudi Fund for Development Collaborates with Italy's CDP Short link : Post Views: 5
Arabian Business
27-01-2025
- Business
- Arabian Business
Saudi real estate: National Housing Company launches tech firm to boost property investment
The National Housing Company (NHC) has announced the launch of NHC Innovation, a specialised technology company. This move reflects its dedication to providing innovative real estate and municipal solutions while pioneering new technologies to meet market demands. Saudi real estate investment It aims to bolster its market presence and foster a culture of innovation within the real estate and municipal sectors. NHC CEO Mohammed bin Saleh Albuty stated that NHC Innovation will function as an innovative technological arm, leveraging the latest technologies and industry best practices to develop inventive solutions that drive sustainable growth and unlock new avenues of success for all partners and customers. He said: 'This strategic expansion marks a significant leap towards offering technological solutions that align with everyone's aspirations, promoting excellence and competitiveness in the real estate and municipal sphere. NHC Innovation is dedicated to developing and operating over 400 services for digital real estate platforms, serving more than 19m users. The company focuses on providing advanced solutions for digital transformation in the real estate and municipal sectors, ensuring individuals and businesses can access innovative services that meet market demands while prioritising sustainability and technological advancement.
