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BEIJING — The Saudi-Chinese Business Forum commenced Wednesday in Beijing under the patronage of the Minister of Municipal, Rural Affairs, and Housing Majid Bin Abdullah Al-Hogail. The Saudi Ambassador to China Abdulrahman Bin Ahmed Al-Harbi, was also present at the event.
The forum focused on exploring investment opportunities between Saudi Arabia and China, with a special emphasis on strengthening partnerships in urban infrastructure, housing, real estate development, and financing.
Al-Hogail expressed his enthusiasm for the launch of the Saudi-Chinese Business Forum, highlighting the Kingdom’s dedication to enhancing its partnership with China under the leadership of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed Bin Salman.
He highlighted the three summits that took place during the Chinese president’s visit to the Kingdom in December, as well as the comprehensive strategic partnership agreement between the two countries, which includes an action plan for cooperation in the housing sector.
Al-Hogail emphasized the commitment of both countries’ leaders to develop the housing and municipal sectors further, and expressed his aspirations for increased collaboration in urban infrastructure, housing, real estate development, and financing.
He noted the significant investment opportunities available in the Kingdom, with the construction of over 300,000 housing units across 17 Saudi cities, covering an area of more than 150 million square meters, and valued at over SR100 billion.
Al-Hogail invited Chinese companies to invest in real estate development in Saudi Arabia.
He praised the successful collaboration between the Kingdom and Chinese companies in housing projects throughout Saudi Arabia, revealing that the Ministry of Municipal, Rural Affairs and Housing is currently working with several Chinese companies on housing projects worth SR3 billion.
On the sidelines of the Saudi-Chinese Business Forum, the Minister of Municipal, Rural Affairs, and Housing witnessed the signing of 12 cooperation agreements between Saudi and Chinese companies and banks.
These agreements, with a total investment value exceeding SR5 billion, covered various fields including infrastructure development and financing, and specifically included five agreements related to housing projects. — SPA
What's your reaction about this news🥰𝙒𝙚 𝙝𝙤𝙥𝙚 𝙩𝙝𝙖𝙩 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚𝙙 𝙩𝙝𝙞𝙨 𝘼𝙧𝙩𝙞𝙘𝙡𝙚. 𝙋𝙡𝙚𝙖𝙨𝙚 𝙨𝙝𝙖𝙧𝙚 𝙞𝙩 𝙬𝙞𝙩𝙝 𝙮𝙤𝙪𝙧 𝙁𝙧𝙞𝙚𝙣𝙙𝙨 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚 𝙩𝙤 𝙤𝙪𝙧 𝙬𝙚𝙗𝙨𝙞𝙩𝙚 𝙗𝙮 𝙘𝙡𝙞𝙘𝙠𝙞𝙣𝙜 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙚𝙡𝙡 𝙄𝙘𝙤𝙣 (𝙇𝙚𝙛𝙩 𝘽𝙤𝙩𝙩𝙤𝙢 𝙤𝙛 𝙩𝙝𝙞𝙨 𝙋𝙖𝙜𝙚) 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙣𝙤𝙩𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣𝙨 𝙛𝙤𝙧 𝙚𝙫𝙚𝙧𝙮 𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙖𝙧𝙩𝙞𝙘𝙡𝙚.🥰
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