Beijing-headquartered China Airport Construction Group (CACC) has won a contract for the main construction works on the Al-Ruba project, located within the Al-Fursan master development in Riyadh.

The Al-Fursan project developer, National Housing Company (NHC), awarded the contract. The scope covers the construction of 48 eight-storey buildings, comprising 2,556 residential apartments.

CACC is already working with NHC to deliver the Rehab Al-Sadan residential project at the Al-Sadan development in Jeddah. It comprises the delivery of about 1,400 residential units across several buildings. In 2023, NHC and Saudi Arabia’s Housing Ministry signed investment agreements totalling more than SR24bn ($6.4bn) to launch the Al-Fursan residential project.

Al‑Fursan is described as the largest scheme in terms of area and number of housing units that NHC is implementing in partnership with other real estate developers.

For the district’s first phase, 18 real estate development agreements were signed with companies including Retal Urban Development Company and Sumou Real Estate Company.

NHC also signed four consultancy contracts to manage projects and supervise implementation of phase one and the deployment of comprehensive infrastructure works.

Other deals involved the development of facilities, including commercial and recreational areas, hospitals, health and sports centres, mosques and schools.

MEED reported in 2020 that Riyadh planned to oversee the development of more than 1 million homes by 2025 to meet growing demand in the kingdom.

By 2030, the Saudi capital aims to more than double its population, from 7-8 million to 15-20 million, and become one of the 10 wealthiest cities in the world.