RIYADH: The final day of Cityscape Global 2025 wrapped up with a wave of high-value announcements and multibillion-dollar deals, reaffirming the strong momentum in Saudi Arabia’s real estate and urban development sectors.
The National Housing Co. was among the most active participants, signing several major agreements. NHC concluded an execution contract with AlMowatin Co. to construct 1,075 residential units in Riyadh’s Al-Fursan destination, a development valued at more than SR875 million ($233.4 million).
NHC also announced a major development agreement for the “Mashaal Al-Fursan” project within the same destination. The SR880 million investment will add 1,120 apartments across a 116,000-sq.-meter area, further expanding housing supply and diversity. Al-Fursan itself spans over 35 million sq. meters and is set to become one of Saudi Arabia’s largest mixed-use urban developments, ultimately offering more than 50,000 residential units.
Extending its footprint beyond the capital, NHC signed a development agreement for the “Dar Makkah” project at the “Gate to Makkah” destination. Valued at over SR899 million, the project will see the construction of more than 930 villas on a 236,000-sq.-meter site located 20 minutes from the Grand Mosque, supporting housing growth in the holy city.
