Nigeria and Saudi Arabia have begun discussions on a strategic partnership aimed at attracting investment into Nigeria’s housing and infrastructure sectors, as both countries seek to deepen bilateral cooperation and address the nation’s housing deficit. The proposed collaboration is expected to promote affordable housing delivery, create jobs, and strengthen long-term economic ties between the two nations.
The Minister of Housing and Urban Development, Arc. Muttaqha Rabe Darma, held talks in Abuja with the Saudi Arabian Ambassador to Nigeria, Yousef Bin Muhammad Al-Balawi, to explore opportunities for collaboration in real estate investment, infrastructure development, and technology transfer. Discussions also covered Nigeria’s participation in the Riyadh Real Estate Future Forum (RFF) 2027, which is expected to bring together global investors and industry stakeholders.
Darma said international partnerships remain essential to achieving the Federal Government’s housing objectives under the Renewed Hope Agenda. He noted that Nigeria’s large housing demand presents significant investment opportunities and expressed optimism that Saudi Arabia’s experience in large-scale housing delivery could support efforts to expand access to decent and affordable housing across the country.
The minister added that the proposed partnership could encourage Saudi developers and investors to participate in Nigeria’s real estate market while facilitating the exchange of technical expertise, modern construction technologies, and best practices in housing development. According to him, greater foreign investment would help accelerate housing delivery, stimulate economic growth, and strengthen the construction industry.
Saudi Ambassador Yousef Bin Muhammad Al-Balawi reaffirmed his country’s readiness to support Nigeria’s housing development efforts. He highlighted Saudi Arabia’s achievements through its National Housing Company and said the Kingdom is willing to share its experience in housing development, urban planning, and project delivery. He also noted that the partnership could create employment opportunities for qualified Nigerian professionals and skilled workers in Saudi Arabia’s housing and construction sector.
Both countries agreed that stronger cooperation in housing, infrastructure, investment, and technology would contribute to sustainable urban development while reinforcing diplomatic and economic relations. Stakeholders believe the partnership could unlock new financing opportunities, increase private sector participation, and support Nigeria’s efforts to reduce its housing deficit through international collaboration.
