National Housing Company

What National Housing Company does

National Housing Company (NHC) is the largest real estate developer in Saudi Arabia and a state-owned entity operating under the Ministry of Municipalities and Housing. Founded in 2016 and headquartered in Riyadh, NHC serves as the principal vehicle for delivering Saudi Arabia's Vision 2030 housing targets, including raising homeownership to 70% and delivering 600,000 housing units by 2030. Its assets represent approximately 20% of total real estate product sales in the Kingdom, with more than 300,000 housing units delivered and integrated cities spanning over 160 million square meters under development across major Saudi cities including Riyadh, Jeddah, Dammam, Mecca, and Tabuk. Mohammed Bin Saleh Albuty serves as President and CEO.

The company's core offering comprises master-planned residential and commercial destinations (NHC Destinations) such as Al Jana, Al Rasha, Tabuk Valley, Al Ruba, Alwareef, Makkah Hills, Makkah Gate, Sadayem, and Al Fursan. Underpinning the real estate portfolio is a digital platform ecosystem: Supply Pro (procurement platform managing developer projects valued at over SAR 263 billion), Mawad (building materials platform supporting SAR 21 billion+ in localization agreements), Ahl App (resident services mobile application), and AlTahfeez AlAqari (digital land development system connecting landowners with developers and investors). In February 2026, NHC executed the world's first sovereign-native tokenized property title deed transfer via blockchain, reducing property settlement from days to seconds. NHC also operates training and localization programs (Waed for graduate training, Rakaez for local content).

NHC operates through four wholly-owned subsidiaries: NHC Asset Management, NHC Finance Services (est. 2019, providing mortgage financing), NHC Housing Services (est. 2017), and NHC Innovation (est. 2025, digital solutions arm led by CEO Ryan bin Abdullah Al-Aql). Revenue mechanics include residential and commercial unit sales routed through the Sakani government platform and NHC's investment portal, asset management fees, mortgage origination, and procurement commissions via Supply Pro and Mawad; pricing is not publicly disclosed. Recent strategic activity includes multi-billion-SAR development agreements with Hassan Allam Properties and Emlak Konut, and international technology agreements with Huawei, Lenovo, ByteDance, and Cenma Chengdu.

Name

National Housing Company

Legal name

National Housing Company (NHC)

Website

https://nhc.sa

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Short description

National Housing Company (NHC) is Saudi Arabia's largest state-owned real estate developer, delivering integrated residential destinations and digital platforms under the Ministry of Municipalities and Housing to advance Vision 2030's 70% homeownership target.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential real estate development
• Master-planned communities
• Digital procurement platforms
• Housing finance services
• Asset management solutions

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Core offering

National Housing Company (NHC) is Saudi Arabia's largest state-owned real estate developer, planning and delivering integrated residential destinations (master-planned communities) across major Saudi cities, with comprehensive amenities such as mosques, schools, healthcare, commercial facilities, and recreational areas. The company also operates supporting digital platforms (Supply Pro for procurement, Mawad for building materials, AlTahfeez for land development, Ahl resident app) and provides asset management, real estate financing, housing services, and digital innovation through its subsidiaries to advance Vision 2030's housing targets.

Product overview

NHC (National Housing Company) operates as Saudi Arabia's largest real estate developer, managing a platform-plus-services architecture centered on integrated urban destination development and digital ecosystem enablers. The core offering comprises residential destination projects (NHC Destinations) including master-planned communities such as Al Jana, Al Rasha, Tabuk Valley, Al Ruba, Alwareef, Makkah Hills, Makkah Gate, Sadayem, and Al Fursan across major Saudi cities, providing residential units with comprehensive amenities. Supporting this, NHC offers digital platforms including Supply Pro (procurement), Mawad (building materials), Ahl App (resident services), and AlTahfeez (land development), alongside programs including Waed (graduate training) and Rakaez (local content). Four subsidiaries—NHC Asset Management, NHC Finance Services, NHC Innovation, and NHC Housing Services—specialize in asset management, financing, digital innovation, and housing services respectively.

Differentiator

Problem solved

Functional benefit

Brands

• Ahl App: A comprehensive mobile application providing services and offers for NHC residents, automating communication and streamlining access to essential services
• Waed Program
• Rakaez Program
• AlTahfeez AlAqari
• Supply Pro
• Mawad Platform

Products and services

• NHC Destinations Integrated urban destinations across Saudi Arabia offering residential units with comprehensive services including mosques, schools, healthcare centers, commercial facilities, sports fields, and recreational amenities, targeting Saudi homebuyers and Sakani program beneficiaries.
• Supply Pro

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Emaar Properties: DFM-listed UAE real estate developer and operator of large-scale master-planned communities (e.g., Downtown Dubai, Dubai Hills). Comparable business model centered on integrated residential destinations, but operates with broader geographic and product diversification than NHC.
• Aldar Properties: ADX-listed Abu Dhabi real estate developer managing residential master-planned communities, retail, and education assets. Comparable model of integrated destination development, but with a broader portfolio mix and longer commercial operating history than NHC.

Direct peers

• ROSHN: Saudi PIF-backed residential developer building master-planned communities across the Kingdom. Most direct peer to NHC given shared state-backed mandate, similar residential community focus, and parallel Sakani-aligned buyer pipeline. Both compete for the same government mandate and developer pool.
• Qatari Diar: Qatar state-backed real estate developer building large-scale master-planned communities globally (Lusail, City of Lights). Closely comparable as a state-owned developer pursuing national housing/urban mandates with a destination-development model similar to NHC.
• DAMAC Properties: DFM-listed Dubai-based developer of residential master-planned communities and branded residential towers. Comparable product offering in the GCC residential market, though more premium/luxury-focused and operating without the state-backed mandate that defines NHC.
• Dar Al Arkan Real Estate Development: Saudi-listed (Tadawul) real estate developer operating across residential, commercial, and mixed-use segments in Saudi Arabia. Direct competitor in the Kingdom with overlapping product offerings (residential units, master-planned communities) and similar Sakani-aligned market access.

Regional players

• Diriyah Company: PIF-backed Saudi developer building the Diriyah giga-project near Riyadh. Comparable state-backed mandate and Saudi-focused delivery, but oriented toward heritage/tourism rather than mass-market residential housing. Shares the same government sponsor ecosystem as NHC.
• Red Sea Global: PIF-backed Saudi developer building regenerative tourism destinations along the Red Sea coast. Operates under a similar state-backed developer mandate as NHC within Saudi Arabia, but focuses on luxury tourism hospitality rather than residential housing supply.
• NEOM Company: PIF-backed Saudi giga-project developer (The Line, Trojena, Sindalah) operating at massive scale within Saudi Arabia. Comparable state-backed developer model and national mandate alignment, but with a distinct innovation/tourism focus rather than residential housing at NHC's scale.

Others

• Cityscape Global (Majid Al Futtaim): UAE-based diversified developer and operator of integrated mixed-use destinations including retail-led master-planned communities. Operates adjacent residential development capabilities in the GCC but is not a direct competitor to NHC given its broader retail/entertainment focus.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/saudinhc
• Facebookfacebook.com/SaudiNHC
• LinkedInlinkedin.com/company/national-housing-company-nhc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Housing Company