The National Housing Company (NHC), the investment arm of the initiatives and programs of the Saudi Arabian Ministry of Municipal and Rural Affairs and Housing in the real estate, residential and commercial sectors, has signed a contract with the Republic of Korea’s NAVER Cloud Platform.
The partnership aims to implement smart city solutions on the digital twin platform ‘Balad’, in a pioneering move towards digital transformation. The signing ceremony was attended by the Minister of Municipalities and Housing, Majed bin Abdullah Al-Hogail.
This collaboration aims to adopt global best practices in the municipal and housing sectors by utilizing innovative technologies such as artificial intelligence and advanced cloud services.
The integration will facilitate the development of advanced digital solutions in major cities across the Kingdom of Saudi Arabia, including 3D maps, simulation models for urban planning and flood management, and monitoring and control centers.
This partnership aligns with NHC’s commitment as the leading developer of residential communities to enhance digital capabilities in the municipal and housing sectors and achieve a sustainable future that supports the aspirations of citizens and the goals of Saudi Vision 2030.
NHC is keen to provide quality projects across urban communities with modern designs and various housing solutions at reasonable prices that keep pace with the aspirations of the future generation and achieve quality of life, in partnership with experienced and efficient real estate developers.
The Company aspires to become a central platform for managing finance for the Saudi Real Estate Refinance Company, banks and finance companies.