Saudi-China housing deals worth 1.9B Riyals
Saudi Arabia and China signed six agreements and memoranda of understanding in the fields of housing and construction during the visit of the Saudi Minister of Municipal and Rural Affairs and Housing to China. Additionally, residential projects worth more than 1.9 billion riyals were awarded in Riyadh and Dammam. These projects involve marketing and developing over 37,000 housing units, with a goal to reach 100,000 units by 2030, and aim to strengthen partnerships between the public and private sectors in construction and urban development. A forum for Saudi and Chinese contractors was also launched to promote cooperation and share expertise in the housing and infrastructure sectors.
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