Cityscape Global 2025 Sees Multi-Billion-Dollar Commitments as Saudi Arabia Fast-Tracks Housing Vision

Billions Pledged at Cityscape Global 2025 as Saudi Arabia Accelerates Housing Drive

Riyadh, Saudi Arabia – The recently concluded Cityscape Global 2025 exhibition served as a powerful showcase for Saudi Arabia's ambitious urban development plans, with the National Housing Company (NHC) taking center stage. The event highlighted how massive real estate investment and public-private partnerships are central to the Kingdom's transformative infrastructure agenda under Saudi Vision 2030.

The NHC emerged as a dominant force, announcing a series of high-value contracts worth billions of riyals. A key highlight was the signing of an execution contract with AlMowatin Co. to build 1,075 residential units in the Al-Fursan destination in Riyadh, a project valued at approximately SAR 875 million.

Simultaneously, the company unveiled "Mashaal Al-Fursan," a separate SAR 880 million development within the same district. This project will deliver 1,120 apartments across 116,000 square meters. The Al-Fursan district itself, spanning over 35 million square meters, is poised to become one of the Kingdom's largest mixed-use communities, eventually offering over 50,000 residential units.

Expanding its reach beyond the capital, the NHC also inked a major deal for the "Dar Makkah" project. Valued at over SAR 899 million, this development will construct more than 930 villas across 236,000 square meters, located just 20 minutes from the Grand Mosque.

Making Homeownership Accessible

Beyond construction, a core theme was enhancing affordability. Under the patronage of H.E. Majid Al-Hogail, Minister of Municipalities & Housing, the NHC announced strategic partnerships to provide accessible financing. A collaboration with Bank Albilad will offer potential homeowners financing solutions starting at a competitive 2.95%. A separate agreement with SHL Finance Co. aims to develop customized financing packages tailored to NHC projects.

Integrated Development and Smart Communities

The event underscored a holistic approach to urban growth. The Real Estate Development Fund signed an MoU with the General Authority for Awqaf to develop real estate products using endowment assets, while another with the Sakani platform will integrate digital services for a smoother beneficiary experience.

The focus on future-ready infrastructure was also evident. Telecom operator stc Group partnered with real estate giant ROSHN to deploy advanced digital infrastructure in the Sedra community, ensuring connectivity is a foundational element of new neighborhoods. In a regulatory boost, ROSHN received the Kingdom’s first “Off-Plan Sales” licence, streamlining processes for developers and investors.

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Robust Market Outlook

The scale of opportunity is vast. Real estate transactions during the first two days of the exhibition reportedly exceeded SAR 161.2 billion. Minister Al-Hogail emphasized the growing demand, noting that Saudi Arabia's five largest cities will require over 1.5 million additional housing units by 2030.

In summary, the flurry of announcements at Cityscape Global 2025 signals a bold, multi-dimensional, and future-oriented housing strategy. From high-volume construction and strategic financing to integrated smart infrastructure, Saudi Arabia is not just building houses—it is creating connected, inclusive communities at an unprecedented scale, fundamentally reshaping the nation's built environment for the decades to come.