Saudi-China Forum: 6 Agreements Signed
The Minister of Municipal and Rural Affairs and Housing in Saudi Arabia, Majid Al-Hogail, inaugurated the Saudi-Chinese Contractors Forum in Shenzhen city, aiming to strengthen partnerships in the fields of housing, construction, infrastructure, and smart technologies. Six memoranda of understanding were signed with leading Chinese companies to support technology localization, knowledge transfer, and the increase of local content, with the goal of developing the construction sector and achieving the objectives of Saudi Arabia's Vision 2030 in promoting housing and sustainable urban development. The forum seeks to consolidate economic and technological relations between the two countries and to increase opportunities for investment and future collaboration in construction projects and modern technologies.
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