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Saudi Arabia's National Housing Company (NHC) has become a pivotal force in the Kingdom's real estate sector, driving Crown Prince Mohammed bin Salman's Vision 2030 economic reforms. Initially established in 2016 as a state-backed developer, NHC has transformed into a market leader, managing residential suburbs and assets that account for approximately 20 percent of total real estate product sales in Saudi Arabia. This evolution positions NHC at the forefront of the nation's ambitious housing transformation, a key initiative under Vision 2030 aimed at raising Saudi homeownership to 70 percent by the end of the decade.

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played a pivotal role in restructuring the sector to ensure long-term sustainability beyond direct state financing

NHC's Chief Executive Mohammed Albuty highlighted the company's crucial role in restructuring the sector for long-term sustainability. The 2025 Vision 2030 annual report indicates that Saudi homeownership has already reached 66.24 percent, surpassing the interim target. Established by royal decree, NHC initially served as the investment and development arm of the Ministry of Municipalities and Housing. A significant shift occurred in 2020 when a royal order transferred ownership to the state, elevating NHC to a market leader capable of developing integrated cities spanning over 160 million square meters, moving beyond limited housing complexes.

To combat rising construction costs, NHC implemented its digital procurement platform, Supply Pro. This platform connects developers directly with manufacturers and suppliers, offering over 1,500 products from 129 factories and 45 suppliers, resulting in approximately 20 percent cost reduction. Albuty also noted NHC's success in boosting local content through supply chain localization agreements and industrial partnerships exceeding SAR 21 billion ($5.6 billion). These include SAR 8 billion in service agreements, SAR 5 billion in localization initiatives, and 15 supply contracts worth over SAR 8 billion.

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boosted local content in its projects through supply chain localization agreements and industrial partnerships worth more than SAR 21 billion ($5.6 billion)

Maan Alothimeen, NHC's general manager for supply chains and business support, reported that Supply Pro has facilitated transactions surpassing SAR 2 billion in the past two years. Notably, Saudi factories and small- to medium-sized enterprises constitute 95 percent of this activity. NHC also serves as a platform for local developers, fostering the growth of small and medium-sized enterprises within the construction sector.

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handled transactions exceeding SAR 2 billion over the past two years, with Saudi factories and small- and medium-sized enterprises accounting for 95 percent of the activity