Saudi Arabia's Ministry of Housing, US's Katerra to build 4,100 homes
Agreement to see 4,100 homes built in Makkah, Madinah, Al Bahah, Al Jouf, and Qassim regions of Saudi Arabia
Saudi Arabia’s Housing Development Programme – driven by the kingdom’s Ministry of Housing as part of the country’s Vision 2030 economic diversification mandate – has signed an agreement with American construction technology firm Katerra to construct 4,101 homes in the areas of Makkah, Madinah, Al Bahah, Al Jouf, and Qassim.
Al Bahah, Al Jouf, and Qassim will respectively receive 140, 191, and 245 homes under the terms of the agreement.
General manager of Housing Development Programme, Mazen Bin Mohammed Al-Dowawad, signed the deal with president of Katerra in the Middle East and Asia, Ash Bhardwaj.
The homes will be offered to beneficiaries that meet Housing Development Programme’s criteria, which is designed to provide residential options to families in the kingdom.
Spurred by Vision 2030, the programme aims to provide community housing for Saudis, and is supported by 200 civil associations spread across Saudi Arabia.
These associations visit Saudi families, assist them with selecting a home option, and follow-up with delivery, management, and operation of the housing unit, according to an Arabic-language statement released by Saudi Arabia’s Ministry of Housing.
American firm Katerra has a notable presence in Saudi Arabia, and was behind the Saudi Arabian home that in December 2018 was the first residence to be completed in 48 hours.