{"id":91486,"date":"2024-11-13T00:00:00","date_gmt":"2024-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/13\/cityscape-day-2-housing-ministry-to-deliver-residential-units-worth-sar-4-8-bn-within-a-year\/"},"modified":"2024-11-13T00:00:00","modified_gmt":"2024-11-13T00:00:00","slug":"cityscape-day-2-housing-ministry-to-deliver-residential-units-worth-sar-4-8-bn-within-a-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/13\/cityscape-day-2-housing-ministry-to-deliver-residential-units-worth-sar-4-8-bn-within-a-year\/","title":{"rendered":"Cityscape day 2: Housing Ministry to deliver residential units worth SAR 4.8 bn within a year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Municipalities and Housing Ministry plans to deliver 16k new residential<\/strong><strong> units worth SAR 4.8 bn within one year<\/strong>, the ministry revealed on the second day of Cityscape Global. This is in addition to a partnership between the PIF\u2019s <a target=\"_blank\" href=\"https:\/\/sirc.sa\/\" style=\"\" rel=\"noopener\">Saudi Investment Recycling Company (SIRC)<\/a> and Eastern Amana introducing projects worth SAR 8 bn, according to separate posts on X (<a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1856288713342345243\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1856286385759478194\" style=\"\" rel=\"noopener\">here<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The Eastern Province and SIRC will collaborate on a 1.6 mn sqm sustainable city worth SAR 7 mn, in addition to development projects for logistics spaces and industrial cities spanning 5 mn sqm at an investment ticket of SAR 800 mn (<a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1856288315491659971\" style=\"\" rel=\"noopener\">watch, runtime: 1:51<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NHC is also making moves: <\/strong>The National Housing Company (NHC) signed a preliminary MoU with South Korea\u2019s Naver Cloud Corporation to set up a joint investment portfolio valued at over SAR 2 bn, which will work to introduce Naver\u2019s business models to the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/nhc.sa\/media-center\/news\/47389\/\" style=\"\" rel=\"noopener\">statement<\/a>. NHC closed sales transactions worth SAR 2.2 bn during the first day of the forum, according to another <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiNHC\/status\/1856102502292201907\" style=\"\" rel=\"noopener\">post on X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Qassim Province signed investment agreements worth a combined SAR 180 mn<\/strong>, split between an administrative, hospitality, and retail tower (SAR 91 mn); a development and operation contract for parking facilities (SAR 51 mn); establishing a specialized markets city (SAR 25 mn); and a contract for the operation and maintenance of King Abdullah Park (SAR 13 mn), according to a <a target=\"_blank\" href=\"https:\/\/x.com\/Qassimmun\/status\/1856342780177522966\/photo\/1\" style=\"\" rel=\"noopener\">post on X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other notable agreements:<\/strong><\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/tatweer-sa.com\/\" style=\"\" rel=\"noopener\">Tatweer<\/a> and NHC signed an MoU for the development of a mixed-use project in Jeddah at an investment ticket of SAR 1.5 bn, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/tatweer-and-nhc-sign-agreement-for-major-mixed-use-project-mx9pblkw\" style=\"\" rel=\"noopener\">press release<\/a> ;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/www.azharhco.com\/\" style=\"\" rel=\"noopener\">Azhar Company<\/a> signed an agreement with China's Holon to establish a factory for producing pre-fabricated, modular housing units, its CEO Jamal Rajab told <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/11\/12\/article_2752746.html\" style=\"\" rel=\"noopener\">Al Eqtisadiah<\/a>. The factory is slated to have a production capacity of 10k sqm per day. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Also from Cityscape: Saudi Investment Recycling Company to work with Eastern Amana on projects worth SAR 8 bn<\/p>\n","protected":false},"author":1,"featured_media":91487,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[3399,10,351,1151,106,2300],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-cityscape-global","tag-enterpriseam-ksa","tag-national-housing-company","tag-public-investment-fund-pif","tag-real-estate","tag-saudi-investment-recycling-company-sirc","wpautop","entry"],"acf":{"mongo_id":"f966f8a2-cfd7-4389-b969-f22e85046dc8","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1139.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cityscape day 2: Housing Ministry to deliver residential units worth SAR 4.8 bn within a year","related_issue":[91479],"teaser":"Also from Cityscape: Saudi Investment Recycling Company to work with Eastern Amana on projects worth SAR 8 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.cc226f0a-2311-4cdf-8918-fdc9c8bbc3f3.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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