Saudi Arabia and China have signed a memorandum of understanding (MoU) to build 100,000 homes in Al-Ahsa, Saudi Arabia, Saudi Press Agency reported.
The MoU was signed between Saudi’s minister of housing Majed Al-Huqail and Chinese deputy minister of trade Quian Keming. This followed the visit of deputy crown prince Muhammad Bin Salman to China.
A memorandum of cooperation was also signed between Al-Huqail and China’s Ningxia region to develop the Al-Asfar outskirts in Al-Ahsa province.
According to Saudi’s minister, Al-Asfar District occupies an area of 54M sq m, and the 100,000 houses to be built will include high-quality villas and apartments with different options.
In August, Saudi Arabia announced an $800M social housing project in partnership with the private sector.
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