Hassan Allam Holding and Tilal Real Estate have formed a strategic partnership with the National Housing Company (NHC) to develop an $880 million mixed-use community in Riyadh’s Khozam District.
The project, announced during Cityscape Saudi Arabia 2025, aims to support Saudi Arabia’s Vision 2030, specifically the housing goals of increasing homeownership to 70% by 2030.
Project Overview
The development covers over 228,000 square meters and involves a public-private partnership led by NHC. It is designed to create a sustainable, mixed-use community that enhances residents’ quality of life and contributes to urban development in Riyadh.
The project aligns with Riyadh’s strategic efforts to establish modern, integrated communities capable of supporting the kingdom’s growing population and economic expansion.
Key Stakeholders and Partners
The strategic alliance includes Hassan Allam Group, Tilal Real Estate, NHC, and Grova Developments. Hassan Allam, based in Egypt, brings extensive experience in large-scale infrastructure and real estate projects. Its development arm, Grova Developments, will oversee the project delivery, leveraging its proven track record in creating landmark destinations across the region.
Tilal Real Estate, one of Saudi Arabia’s largest real estate firms, will serve as the primary local partner, responsible for executing the development alongside Hassan Allam. The partnership was signed with notable officials present, including Majed bin Abdullah Al-Hogail, Minister of Municipal Rural Affairs and Housing, and Mohamed Albuty, CEO of NHC.
Development Vision
The project plans to deliver a community centered around sustainability and quality. Hassan Allam Properties, part of Hassan Allam Holding, will provide its expertise in crafting community-centric residential and mixed-use spaces. The project emphasizes sustainable design principles, modern infrastructure, and long-term urban value.
Grova Developments, established to focus on exceptional real estate, hospitality, and cultural destinations, aims to create a vibrant environment that elevates urban living standards. Tilal Real Estate focuses on large-scale, high-quality developments that meet evolving local needs, aligning with Saudi families’ housing aspirations.
Strategic Significance
This partnership marks Hassan Allam’s entry into the Saudi market, reflecting confidence in the kingdom’s expanding real estate sector. Hassan Allam’s leadership highlights the importance of Riyadh’s evolving urban landscape as a regional hub for development. Mohamed Allam, CEO of Hassan Allam Properties, states that Khozam offers a unique opportunity in Riyadh’s growth trajectory.
Mohamed Albuty, NHC CEO, emphasized that the project aligns with the agency’s strategies to attract foreign investment, transfer international expertise, and enhance development efficiency. The goal is to create vibrant urban spaces that foster economic growth and improve residents’ quality of life.
Impact and Objectives
The Riyadh development aims to boost socioeconomic factors by creating sustainable communities rooted in innovation. It supports Saudi Arabia’s broader urbanization and housing initiatives, helping to meet the increasing demand for integrated residential, commercial, and social amenities. The project also aligns with Vision 2030’s mission to modernize infrastructure and promote private-sector participation.
By leveraging international best practices and local insights, the partnership seeks to deliver a landmark community that combines modern urban living with sustainable practices. The collaboration emphasizes long-term value creation, social well-being, and inclusive growth.
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