RIYADH: The National Housing Co. will build a total of 3,800 homes after signing six partnership agreements worth SR2 billion ($533 million). These deals, which were signed with several real estate developers, aim to build the residential units in the Riyadh southwestern community of Al-Asalah, with prices starting from SR475,000, according to the Saudi Press Agency. SPA added that this initiative is part of a comprehensive program of urban development spearheaded by the NHC aiming to revolutionize the housing landscape by introducing innovative concepts and integrated services, ultimately enhancing the quality of life across all sectors of society. The agreements were signed on the sidelines of the ongoing Restatex Riyadh Real Estate Exhibition in partnership with Ratel Real Urban Development Co., Faisal Abdullah Bin Saedan Real Estate Investment and Development Co., and Mohammad Al-Habib Real Estate Co. The list of companies also included Maskan Real Estate Co, Shugan Real Estate Development Co., and Ishraqat Al-Tamayoz Real Estate Development Co. The signing ceremony was attended by NHC CEO Mohammed bin Saleh Al-Batti, and Abdulrahman Al-Tawil, the deputy minister of municipal and rural Affairs for real estate development. Meanwhile, the NHC also announced the sales for three projects within the Al-Asalah community. These project include, Nesaj Town Al-Asalah, which spans a total area of 93,000 sq. meters, in partnership with Retal company; Malfa Al-Asalah project, which covers an area exceeding 45,000 sq. meters, in partnership with Faisal Abdullah Bin Saidan Real Estate Investment and Development Co; as well as the Ishraqat Al-Asalah in partnership with Ishraqat Al-Tamayoz Real Estate Development Co.