BEIJING — The Saudi-Chinese language Enterprise Discussion board commenced Wednesday in Beijing underneath 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 additionally current on the occasion.
The discussion board centered on exploring funding alternatives between Saudi Arabia and China, with a particular emphasis on strengthening partnerships in city infrastructure, housing, actual property improvement, and financing.
Al-Hogail expressed his enthusiasm for the launch of the Saudi-Chinese language Enterprise Discussion board, highlighting the Kingdom’s dedication to enhancing its partnership with China underneath the management of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed Bin Salman.
He highlighted the three summits that passed off through the Chinese language president’s go to to the Kingdom in December, in addition to the great strategic partnership settlement between the 2 international locations, which incorporates an motion plan for cooperation within the housing sector.
Al-Hogail emphasised the dedication of each international locations’ leaders to develop the housing and municipal sectors additional, and expressed his aspirations for elevated collaboration in city infrastructure, housing, actual property improvement, and financing.
He famous the numerous funding alternatives obtainable within the Kingdom, with the development of over 300,000 housing items throughout 17 Saudi cities, protecting an space of greater than 150 million sq. meters, and valued at over SR100 billion.
Al-Hogail invited Chinese language corporations to spend money on actual property improvement in Saudi Arabia.
He praised the profitable collaboration between the Kingdom and Chinese language corporations in housing initiatives all through Saudi Arabia, revealing that the Ministry of Municipal, Rural Affairs and Housing is at present working with a number of Chinese language corporations on housing initiatives value SR3 billion.
On the sidelines of the Saudi-Chinese language Enterprise Discussion board, the Minister of Municipal, Rural Affairs, and Housing witnessed the signing of 12 cooperation agreements between Saudi and Chinese language corporations and banks.
These agreements, with a complete funding worth exceeding SR5 billion, lined varied fields together with infrastructure improvement and financing, and particularly included 5 agreements associated to housing initiatives. — SPA