Saudi Arabia’s National Housing Company (NHC) has unveiled a new subsidiary, NHC Innovation, aimed at revolutionizing the real estate and municipal sectors through technology. The new company will introduce over 400 digital services, supporting the Kingdom’s goal to enhance real estate investment and position itself as a global hub for technological innovation.
NHC Innovation’s Role in Real Estate Transformation
NHC Innovation will act as the technological arm of the National Housing Company, leveraging cutting-edge technologies to develop advanced solutions for the real estate and municipal sectors. The initiative underscores Saudi Arabia’s dedication to fostering innovation, sustainability, and growth across its real estate market.
CEO Mohammed bin Saleh Albuty highlighted the company’s strategic vision, stating, “This strategic expansion marks a significant leap towards offering technological solutions that align with everyone’s aspirations, promoting excellence and competitiveness in the real estate and municipal sphere.”
Digital Services to Enhance User Experience
The newly launched NHC Innovation is tasked with developing and operating over 400 digital real estate services to cater to a growing user base of more than 19 million. These services will streamline processes for individuals and businesses, ensuring easy access to state-of-the-art solutions while focusing on sustainability and technological advancement.
Boosting Saudi Arabia’s Competitive Edge
This initiative aligns with Saudi Arabia’s Vision 2030 by bolstering the country’s global competitiveness in the technology and real estate sectors. NHC Innovation aims to foster innovation and drive sustainable growth while enhancing the Kingdom’s reputation as a technology hub.
By integrating advanced technologies and industry best practices, NHC Innovation will empower the real estate sector, attract investments, and unlock new opportunities for all stakeholders.