Saudi Arabia and China sign deal to build 100,000 homes

Vania Goncalves 2 Sep 2016 MIDDLE EAST BUILDINGS

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.

* Image credit: Andrew V Marcus/Shutterstock.com

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