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Saudi-China Construction Pact Signed
The Saudi-Chinese Contractors Forum was launched in Shenzhen with the aim of strengthening cooperation between the two sectors in the fields of housing and urban development, as well as signing strategic agreements with leading Chinese companies such as POWERCHINA, CRCC, and China Construction Bank. The forum seeks to facilitate knowledge transfer, localize advanced technologies, and boost local content, all to support sector growth and achieve national development. The event saw the signing of memoranda of understanding and emphasized the importance of building an institutional collaboration framework to enhance the capabilities of Saudi contractors and expand international partnership opportunities.
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