National Housing Company Signs MoU with K. Hovnanian ME

The National Housing Company (NHC) signed a memorandum of understanding (MoU) with K. Hovnanian ME to develop several residential and commercial projects within its urban destinations. The MoU was signed on the sidelines of the Saudi-US Investment Forum held in Riyadh.

 The MoU was signed by NHC CEO Mohammed bin Saleh Albuty and Tyler Lewis from K. Hovnanian ME. It builds on the official visit to the United States by Minister of Municipalities and Housing Majed Al-Hogail, reflecting the ongoing cooperation and development of investment partnerships between the two sides.

 The MoU aims to enhance collaboration between the two parties, attract investment, and develop residential and commercial projects to international standards within NHC destinations.

 It contributes to the Housing Program—part of Saudi Vision 2030—by providing integrated housing solutions that improve quality of life. K. Hovnanian is one of the largest real estate development companies in the United States, with expertise in building residential communities.