Saudi, Chinese companies sign 6 MoUs to enhance cooperation in vital sectors (opens original article in a new tab)

Saudi and Chinese companies signed six memoranda of understanding to boost cooperation in construction, housing, and technology sectors, aiming to localize technologies and increase housing supply.

• Saudi and Chinese companies signed six MoUs to enhance cooperation in construction, housing, and technology sectors.
• The agreements focus on localization of construction technologies, knowledge transfer, and joint investment opportunities.
• Saudi aims to implement over 100,000 housing units with Chinese partners by 2030, with 37,000 units already contracted.