Saudi Arabia’s Housing Minister, Majed Al-Hogail and China’s Minister of Housing and Urban-Rural Development, Ni Hong, recently met to “solidify the partnership between the two nations in construction and real estate development,” the Saudi Press Agency reported.
Majed Al-Hogail held a meeting with China’s Minister of Housing and Urban-Rural Development, Ni Hong and Fang Qiuchen, the President of the China International Contractors Association.
Their discussions focused on developing joint housing policies and programs, exchanging expertise in city planning and sustainable urban development, and exploring investments in construction technology, SPA added.
Al-Hogail’s visit also explored the possibility of attracting Chinese companies specializing in building, construction, maintenance, and cleaning services to the Saudi Arabian market.
During his trip, Al-Hogail signed agreements and memoranda of understanding with major Chinese construction companies.
The Kingdom’s partnership with China to develop its housing sector is part of Saudi Vision 2030’s target of increasing home ownership in Saudi Arabia to 70 percent by improving housing affordability by the end of the decade.
AfricaHousingNews
