NHC to construct 20k residential units in partnership with China Machinery Engineering Corp. | Kanebridge News
Share Button

NHC to construct 20k residential units in partnership with China Machinery Engineering Corp.

The Saudi National Housing Co. and China Machinery Engineering Corp. signed an agreement to build 20,000 units in the Kingdom.

Mon, May 13, 2024 2:32pmGrey Clock 2 min

The  Saudi National Housing Co.  (NHC) has partnered with China Machinery Engineering Corp. to build 20,000 residential units, enhancing the housing supply in Saudi Arabia.

This collaboration was formalized in Beijing, where the two firms agreed to construct apartments primarily in suburban and residential zones throughout the Kingdom.

Majid Al-Hogail

The partnership was cemented during the official trip of Majid Al-Hogail, the Saudi Minister of Municipal and Rural Affairs and Housing and Chairman of the Housing Program Committee, to China. This visit underscores the Kingdom’s commitment to the Housing Program, a pivotal component of Saudi Arabia’s Vision 2030 initiative.

The initiative seeks to draw international investment and establish ties with top global real estate firms. Mohammed Al-Buty, CEO of NHC, represented the company at the signing ceremony. NHC highlighted that this agreement is part of its broader strategy to collaborate with major global construction entities.

The project promises comprehensive urban and suburban community developments under NHC’s oversight, complete with essential services such as healthcare, education, and commercial facilities.

Mohammed AlButy

NHC, a leading real estate player in the Middle East, is set to develop nine residential suburbs, aiming to deliver 300,000 units by the end of 2025. These projects will meet high standards and affordability, while also focusing on sustainable living across Saudi Arabia.

This development aligns with the Kingdom’s objectives to boost the homeownership rate among Saudi families to 70% and integrate services across various sectors to meet the goals of the Housing Program aligned with Vision 2030.

Furthermore, NHC recently entered a contract with CITIC Construction Group from China to create an industrial city and logistic zones for building materials, including 12 factories. This move is aimed at reinforcing the supply chains essential for NHC’s housing projects, ensuring their timely execution and superior quality.

The agreement also aims to elevate the standards of local businesses by introducing advanced Chinese building technologies and attracting premier service providers to support the company’s extensive project portfolio and its subsidiaries.



MOST POPULAR

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

Related Stories
Property
Amer Group Launches Royal Tower Phase at Porto Said
Property
Azizi Developments Extends Partnership with Cummins Inc. for Riviera Project’s Fourth Phase
Property
A New 70-Unit Luxury Project in Downtown Dubai by Palace Group
Amer Group Launches Royal Tower Phase at Porto Said

Amer Group has revealed the latest addition to the Porto Said project.

Mon, Jul 8, 2024 4 min

Amer Tourism Development Company, a subsidiary of Amer Group, has unveiled the Royal Tower phase, the latest addition to the Porto Said project. This phase offers a unique investment opportunity due to its prime location and luxurious designs. The project is notable for its strategic positioning, excellent climate, and breathtaking sea views.

Located on the Port Said-Damietta Road, Porto Said is ideally situated just 10 minutes from Port Said port and 15 minutes from the city of Damietta. Leveraging decades of experience, Amer Group has successfully positioned this mega-project as the ultimate destination for those seeking excellence and luxury.

Dr. Amged Sebak, the CEO of Amer Group, expressed his great delight in launching this phase, affirming the great importance the company attaches to the project as one of its most important projects. “We are proud to announce the opening of the ‘Royal Tower’ phase in the Porto Said project, which represents a new step towards realizing our vision of providing a luxury and integrated living experience to be a symbol of elegance and prosperity, and providing all the amenities and services that ensure the comfort and prosperity of its residents. In addition to its strategic location in Port Said, it makes it an ideal destination for living and investment. We are committed to providing the highest standards of quality in all aspects of the project, from luxurious interior designs to advanced infrastructure and distinguished services.”

Dr. Amged Sebak, the CEO of Amer Group

Dr. Amged Sebak added, “In Porto Said, we believe that the luxurious life requires a balance between comfort and convenience, and between innovation and tradition. Therefore, we have ensured that ‘Royal Tower’ is a place that combines these elements and provides a unique residential experience. It provides residents with stunning views that create an atmosphere of tranquility and relaxation. Residents can enjoy the blue waters and surrounding green spaces, making every moment in ‘Royal Tower’ an unforgettable experience.”

All units of “Royal Tower” are distinguished by their unique facade, making it a haven that combines comfort and convenience, and exudes an aura of elegance and sophistication. Every element of these units has been meticulously studied, and the designs have been executed according to the highest standards, reflecting a sense of luxury and simplicity. The residential units in “Royal Tower” vary between luxurious apartments, meeting all the needs of the residents and providing them with a comprehensive living experience. The designs of the “Royal Tower” units rely on the spacious areas that provide complete comfort for the residents. They include large windows that allow natural light to enter and panoramic views of the swimming pools and green spaces, and the flooring is made of luxurious marble and the interior finishes have been carefully selected to complement the luxurious character of the units.

The Port Said project offers a diverse range of hotel services and residential apartments, in addition to a seafront promenade that includes a variety of restaurants and cafes for the best times. The hotel services in the project include a five-star hotel that provides the finest services and facilities to ensure an unforgettable stay experience. The hotel is equipped with the latest amenities and technology, including a luxurious Spa, Gym, and indoor and outdoor swimming pools.

The project also includes residential apartments, a sports club, restaurants and cafes, an administrative building, a medical center, an international school, and a hotel. The beachfront extends for 1.3 kilometers and includes bike and running paths, as well as a mosque. The project is designed to be an ideal destination for both families and individuals, providing all the amenities and services that residents may need. The project includes the NIS international school, which offers advanced educational curricula to meet the needs of students of all ages and prepare them for a bright future. The Port Said Sports Club provides a variety of sports and recreational activities for residents, including football, tennis, swimming, and many other sports. The club is equipped with the latest facilities and equipment to ensure a comprehensive sports experience.

Porto Said is a hub for the latest innovations and trends in lifestyle, offering a new world and a distinguished way of life with endless possibilities. The project is committed to providing a high-end living environment that ensures the comfort and well-being of residents, while also preserving the surrounding natural environment. The green spaces have been carefully designed to be in harmony with the surrounding environment, providing a calm and refreshing atmosphere for the residents.

The Porto Said project is committed to providing an integrated living experience for the residents, and therefore a diverse range of events and activities are organized throughout the year. These events include music festivals, art exhibitions, workshops, and sporting events. These activities have been designed to suit all age groups and provide opportunities for social interaction and communication among the residents.

Porto Said has been designed to be a safe and comfortable community for the residents. The project is equipped with the latest security and monitoring systems to ensure the safety of the residents around the clock. Security and guard services are also available at all entrances and exits of the project to ensure the privacy and security of the residents.

Porto Said is committed to implementing sustainability practices in all aspects of the project. These practices include the use of sustainable building materials, the application of energy-saving techniques, and the effective management of water resources. The project aims to reduce its environmental impact and promote sustainability to preserve the environment for future generations.

The opening of the “Royal Tower” represents a new step in Porto Said’s journey to provide a luxurious and distinctive living experience for the residents.

MOST POPULAR

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

0
    Your Cart
    Your cart is emptyReturn to Shop