New Housing Projects Launched in KSA’s Eastern Province

On Sunday, Prince Saud Bin Naif, Emir of Saudi Arabia’s Eastern Province, opened the second phase of developments in Dammam's Al-Wajiha neighbourhood and the Qatif Governorate's Qumra community.

In the attendance of Majid Al-Hogail, the Minister of Municipal and Rural Affairs and Housing, and Mohammed Al-Bati, the CEO of the National Housing Company, agreements were signed between National Housing and its real estate developer partners under the sponsorship of Prince Saud.

The Kingdom’s Eastern Province currently receives generous support in its housing sector. Yet the provision of suitable housing for residents is one of the leadership's top goals and initiatives, so this support is more than warranted.

This is particularly the case as part of the Housing Program within Saudi Arabia’s ambitious Vision 2030. The housing programme is playing a vital role in improving the accessibility of housing for Saudi families both from a financial and overall feasibility standpoint.

The National Housing Company has received acclaim from Prince Saudi for its work in creating integrated housing communities with services and identifying a variety of housing alternatives and solutions that meet Saudi family needs.

He observed the leadership's commitment to facilitating all services for residents and improving their quality of life, particularly concerning assisting them in meeting their most basic need, which is to provide suitable housing.

BACKGROUND ON THE PROJECT

The second phase of the project was launched for the suburb of Al-Wajiha. Al-Wajiha, spans more than 9 million square metres, making it one of Saudi Arabia’s largest residential suburbs. Within this large area, the project will accommodate more than 27,000 people across 5,400 housing units.

On over 1.4 million m2, the Qatif Governorate established the Qumra community, offering more than 2,300 homes of a variety of shapes and sizes.

But overall, with almost 25,000 housing units of various sizes and styles, NHC has invested in more than a dozen housing projects totalling SAR 16 billion in the Kingdom’s Eastern Province as part of its ambition to boost the supply of real estate and the ownership rate.