Saudi Arabia’s National Housing Company Announces Al-Fursan Suburb Project
The project will include more than 50,000 residential units for more than 250,000 people
Saudi Arabia’s National Housing Company has announced the largest new residential suburb project in Riyadh named ‘Al-Fursan Suburb’. It also announced the second phase of ‘Khuzam Suburb’, representing the largest real estate supply in Riyadh.
Al-Fursan suburb covers an area of 35 million square metres in the northeast of Riyadh. It will include more than 50,000 residential units for more than 250,000 people.
The second phase of Khuzam Suburb, north of Riyadh, covers an area of more than 21 million square metres. It will include 30,000 residential units for 150,000 people.
Delivery of the first batch is scheduled for 2026.
Supporting the national housing programme
National Housing Company’s CEO Mohammad Bin Saleh Al-Buty said that the two projects come in line with realising the goals Vision 2030’s Housing Program raising the rate of home ownership by Saudi families to 70 per cent. Implementing these two mega projects also meets Riyadh’s endeavor to increase the real estate supply.
The residential suburbs mark an extension of the National Housing Company’s efforts to build modern vibrant communities with a unique urban character and to provide housing and financing solutions accessible to Saudi families.
But offering housing options isn’t the only mandate for the real estate giant. It ultimately aims to raise the standard of living for people across the country and is targeting that goal through its projects. “NHC has applied quality-of-life standards across all its projects, to achieve sustainability and wellbeing for its beneficiaries,” noted Albuty.
“In NHC, we adopt the modern lifestyle [concept] that aims to achieve the global trend to humanise cities, improve the urban landscape, and create integrated residential suburbs in which residents do not depend on car traffic alone, but have access to daily basic services and facilities in less than five minutes on foot, and to central services and entertainment within a space of 10 minutes,” said Albuty.
“Additionally, we have adopted a set of governing rules in our projects, such as diversifying modern designs and increasing green spaces so that the urban community is a healthy place committed to environmental principles,” he added.
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