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Riyadh municipalities sign for four housing projects
The Ministry of Municipal and Rural Affairs and Housing in Riyadh has signed agreements with landowners and real estate development companies to develop four residential projects in the Al-Arid and Al-Narjis neighborhoods. The goal is to meet the growing demand for housing in the city. These agreements aim to transform raw land into diverse housing units, such as apartments and multi-story buildings, to promote urban diversity and provide more housing options in line with Saudi Vision 2030—aimed at increasing homeownership rates and sustainable housing. Through these partnerships, the ministry seeks to improve land utilization efficiency and expand the real estate supply, thereby supporting economic growth and creating a stimulating investment environment.
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