31 October, 2021
National Housing and Retal launch Nasaj Town Al Khobar
The National Housing Company and Retal Urban Development Company signed a partnership agreement to implement a new housing project within the Nasaj Town series of projects in Khobar as part of the ministry’s partnership program with the private sector to provide high-quality housing solutions beneficiaries.
It was signed by Mohammed bin Saleh Al-Bati, CEO of the National Company, who commented:
“The speed of Retal’s completion of its projects while adhering to the quality level specified by the Ministry has left a distinguishing mark in the housing projects submitted by the Ministry of Housing and a proof of its ability to develop larger projects with the same efficiency.”
For his part, Abdullah Al-Braikan, CEO of Retal Urban Development Company, confirmed that the ministry provided significant support to real estate developers, allowing them to create more expansive areas of diversity in products, excellence and quality of outputs to support the Kingdom’s vision 2030 by finding diverse housing solutions suitable for all segments and tastes.
He stated: “Retal has developed more than 5,000 housing units over the past few years, which we are proud of as it comes to serving the country and citizens, and its new project in Al-Khobar will be a distinctive addition to the housing sector in the Kingdom.”
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