How NHC is driving the Saudi real estate success story

How NHC is driving the Saudi real estate success story

Author: The National News November 13, 2024 Duration: 14:22
Saudi Arabia is witnessing a housing boom that is transforming the country’s real estate sector, as home ownership rises and international investors join one of the world’s most dynamic markets. Leading this transformation, developer NHC is meeting demand for lifestyle communities with mega-projects that anticipate future growth. The kingdom’s real estate market is on a path to reach unprecedented heights, with a forecasted market value of $2.27 trillion by the end of the year and a goal to develop 1.2 billion square metres of land by 2030. Saudi home ownership is also set to increase to 70 per cent, attracting major players like Egypt’s TMG conglomerate, along with Spanish and Chinese investors partnering with NHC. In a special Business Extra episode from Cityscape Global 2024 in Riyadh, we explore the evolution of Saudi Arabia’s property sector. The event, themed “The Future of Living”, features more than 400 exhibitors and more than 100 institutional investors, covering diverse developments from stadiums to hotels, signalling the nation’s expanding real estate market. During the event, NHC announced 75 billion Saudi riyals ($19.96 billion) in investment opportunities available until the end of next year, aimed at both local and international investors. Mohammed Abaalkhail, NHC’s chief marketing and customer experience officer, joins host David Dunn to discuss how NHC is bringing its vision of “elevating life” to fruition with mixed-use communities and green spaces. With a plan to develop 284 million square metres of land across the kingdom, NHC, one of the largest developers in the region, is also adapting to meet shifting demands while maintaining its strong market position.

Tune into Business Extra for a clear-eyed look at the forces shaping commerce in the Middle East and beyond. Produced by The National News, this podcast moves past the headlines to deliver substantive conversations with the analysts, executives, and innovators driving change. Each episode leans on the deep regional expertise of our editors and reporters, who translate complex developments in markets, energy, and technology into accessible insights. You’ll hear grounded discussions that connect local trends to global patterns, offering a necessary perspective on one of the planet's most dynamic economic landscapes. Whether it's a shift in oil policy, a tech startup's rise, or a new trade agreement, this series provides the context often missing from daily news cycles. For anyone with a stake in understanding how business really works in this pivotal region, Business Extra is an essential listen, blending authoritative journalism with genuine curiosity. The result is a consistently informative podcast that feels less like a briefing and more like a series of insightful conversations with people who have their finger on the pulse.
Author: Language: English Episodes: 100

Business Extra
Podcast Episodes
What the energy crisis reveals about how we power world [not-audio_url] [/not-audio_url]

Duration: 31:09
In a matter of weeks, energy supply shocks sent oil prices up by 30 per cent, fuel costs surged to record highs, and the ripple effects hit everything from inflation and global growth to household bills. The Internationa…
Uncertainty is certain: Inside the IMF and World Bank Spring Meetings [not-audio_url] [/not-audio_url]

Duration: 22:44
This year's IMF and World Bank Spring Meetings in Washington are unlike any in recent memory. The Iran war has given the annual gathering a geopolitical charge that has drawn an unusually broad crowd, not just the tradit…
Beyond oil: How the Iran war is already hitting wallets [not-audio_url] [/not-audio_url]

Duration: 15:31
The economic fallout from the Iran war extends well beyond oil markets and is beginning to be felt in consumers' daily lives. With transport and production costs rising, food prices are beginning to climb globally and ai…
Inside Borouge: The UAE's petrochemical powerhouse [not-audio_url] [/not-audio_url]

Duration: 11:56
In this special episode of Business Extra, host Khaled Abuljebain sits down with Yan Martin Nufer, chief financial officer of Abu Dhabi-based Borouge, to explore how one of the region’s industrial giants is driving long-…
How the Iran war is threatening water security in the Gulf [not-audio_url] [/not-audio_url]

Duration: 15:47
Water infrastructure, supply chains and agriculture are now increasingly exposed to geopolitical shocks. As the US-Israeli war on Iran led to attacks on infrastructure across the region, attention is shifting to the ener…
The Ramadan economy: How UAE consumers are spending in 2026 [not-audio_url] [/not-audio_url]

Duration: 24:13
Ramadan is a time of self-reflection, generosity, community and family, but it is also a period of intense consumer spending. Even as people fast from morning until dusk, spending rises across food and retail. In 2026, h…
Understanding Sovereign AI and why governments are racing to build it [not-audio_url] [/not-audio_url]

Duration: 21:52
A new phrase is quietly reshaping how governments, businesses and even militaries think about the future of power: Sovereign AI. The term is appearing in policy papers, billion-dollar infrastructure deals, and national s…