National Housing Company Invests $880 Million in Riyadh Data Center Facility
Saudi Arabia's National Housing Corporation is allocating 880 million dollars to build a new data center in Riyadh, marking a significant shift from software development to heavy infrastructure investment.
The National Housing Corporation (NHC) has confirmed plans to invest approximately $880 million in a large-scale data center project located in Riyadh. This capital expenditure signals a strategic pivot for the state-owned enterprise, moving beyond digital platform development into the construction of deep technical infrastructure essential for the real estate sector. The new facility will support artificial intelligence, advanced data analytics, and geospatial technologies designed to manage end-user journeys across housing search, financing, ownership, and municipal service management. Ryan Al-Quwa, Chief Executive Officer of NHC, stated that the company has evolved from building discrete digital platforms into constructing an integrated technical ecosystem that redefines the entire real estate experience.
