Mohammed Albuty: NHC Leading KSA’s Real Estate Sector

In remarks made during his participation at the Capitals London event, held alongside the Cityscape Global Exhibition in London, Mohammed Albuty, CEO of Saudi Arabia’s National Housing Company (NHC)—the region’s largest real estate developer and the executive arm of the public sector—affirmed that the Kingdom is witnessing a significant transformation in the real estate sector, with the NHC at the forefront.

Albuty noted that, driven by the objectives of Saudi Vision 2030, NHC has played a key role in raising homeownership rates among Saudi citizens to 65 percent one year ahead of schedule and aims to reach 70 percent by 2030. This progress was fueled by the development of more than 600,000 residential units, half of which are expected to be completed by the end of 2025.

The company currently manages 39 high-profile projects across 17 cities in Saudi Arabia, with total investments exceeding US$154 billion, Albuty stated. To date, NHC, which manages a land portfolio that spans more than 284 million square meters, has sold over 100,000 residential units through off-plan sales.

Albuty emphasized that enhancing quality of life is a core pillar of the company’s strategic plans, with sustainability principles embedded across all stages of development, from planning and design to material selection and community management. As part of its mission, NHC aims to reduce commuting times, provide interactive public spaces, promote healthy lifestyles that strengthen social bonds and a sense of belonging, and dedicate vast areas to green spaces.

He added that NHC has successfully attracted international developers with direct investments exceeding $10 billion through strategic partnerships with global real estate firms, with key partners including K. Hovnanian from the United States, Urbas from Spain, Talaat Mostafa Group (TMG) from Egypt, CITIC Group from China, Emlak Konut from Turkey, and Kooheji from Bahrain. These partnerships encompass the development of major residential projects, in addition to collaboration with CITIC in areas such as supporting industries, logistics zones, and supply chains.

Albuty concluded his statement by affirming that the Saudi real estate market is gaining increasing confidence from investors around the world. He emphasized that NHC is moving forward with a clear vision to become the main driver of real estate growth, contributing to the development of integrated cities that reflect customer aspirations, in support of the objectives of Saudi Vision 2030.

Pictured in the lead image is Mohammed Albuty, CEO of Saudi Arabia’s National Housing Company (NHC). Photo courtesy NHC.