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Saudi Arabia has launched its first housing project in the central Al-Qassim province as part of ongoing drive to provide accommodation to citizens.
In a report published on its website on Sunday, the National Housing Company (NHC) said the project is based in Buraidah city and it comprises 185 villas.
NHC, the investment arm of the Saudi Municipal, Rural Affairs and Housing Ministry, said the project is spread over an area of around 60,000 square metres, adding that more details are available on its Sakani website.
Saudi Arabia, the largest Arab economy, has been locked in a drive, in partnership with private developers, to expand citizens’ property ownership to more than 70 percent by 2030.
The NHC is an enabler of the real estate development sector. It is also the largest developer of suburbs and residential areas. Ensuring quality of life is one of the aims the company seeks to achieve, in addition to increasing the real estate supply in the Kingdom and providing diverse housing options as part of the goals of the Kingdom’s Vision 2030 program, which plans to raise the rate of residential ownership among Saudi families to 70 percent.
