Saudi’s Retal unites with NHC to launch residential project ‘Nesaj Sadayem’

By Shilpa Annie Joseph, Official Reporter
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Saudi Arabia-based Retal Urban Development Company has joined hands with the National Housing Company (NHC) for the launch of its first residential project, Nesaj Sadayem, in Jeddah.

The new residential project features more than 320 housing units within the 98,000-sq-m Sadaym suburb development.

With ‘Nesaj’ projects, Retal aims to develop urban, living, and modern communities that offer a civilized quality of life for its residents.

Furthermore, it intends to provide real estate products compatible with the Saudi family’s requirements, such as privacy and space. As well as the private and public facilities and habilitating the neighborhoods with the required services to grant the appropriate atmosphere for family stability, stated the developer.

According to the statement, “This project is its first and latest project in the western region after an agreement concluded by Retal with the National Housing Company to develop housing units in Jeddah Governorate, north of Obhur, within the suburb of Sadeem in order to contribute to strengthening one of the most important pillars of Saudi Arabia’s vision.”

Eng. Abdullah bin Faisal Al-Buraikan, Group CEO of Retal, said in a statement that, “As a NHC partner, Retal is making a steady contribution to one of the most important pillars of the kingdom’s vision, which is raising the percentage of citizen home ownership to 70 percent.”

“We are happy to transfer our successful experiences to all regions of the kingdom, and to develop housing projects appropriate to the aspirations and tastes of the honorable people of Jeddah, to exceed the quality of life,” Mr. Al-Buraikan further added.

Related: Swiss firm Fortimo unveils its 1st build-to-buy residential project in Dubai

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