Browsing: Estate

Riyadh, November 21, 2025, SPA — A memorandum of understanding (MoU) was signed to establish a strategic partnership framework between the Real Estate Development Fund (REDF), the Saudi Mortgage Guarantees Services Company (Damanat), the National Housing Company (NHC), and the Industrial and Commercial Bank of China Limited (ICBC) Riyadh branch. The MoU, signed under the patronage of Minister of Municipalities and Housing and REDF Board of Directors Chairman Majed Al-Hogail, aims to develop innovative financing and guarantee mechanisms that enable the real estate development sector to engage in EPC+F contracting with major Chinese contrac