31 October, 2021

Retal signs agreement to develop 690 villas in Nasaj Town Riyadh in partnership with National Housing Company

 

On Thursday, 20/08/2020, Retal Urban Development Company signed an agreement to develop its new project, Nasaj Town Riyadh, with the National Housing Company, under the patronage of His Excellency the Minister of Housing, Mr Majid bin Abdullah Al-Hogail.

 

Work on the project will start during the fourth quarter of this year. Nasaj Town Riyadh has many designs, including five modern designs on a world-class level. The Al-Gwan suburb is the future destination for the most-developed neighborhoods in the city of Riyadh. The project also includes integrated educational, recreational and commercial facilities to serve the project’s residents, with different spaces and well-thought-out interior designs to achieve efficiency of use and housing comfort.

 

Engineer Abdullah Al-Braikan, CEO of Retal, commented, “Nasaj Town Riyadh is the product of fruitful cooperation with the National Housing Company to complete the series of harmony between modern architectural style and standards of comfort and privacy.” Quality, price, and speed are the basic equation adopted in Retal projects, which qualified it to be the best urban developer in 2019.

 

This agreement is an extension of the partnership’s successes with the National Housing Company, which was launched in 2018 through the two projects of Nesaj Town Dammam 1 and Nesaj Town Dammam 2, which includes more than 2,400 residential villas. As a result, it achieved the largest sales percentage in the Kingdom in a short time.

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