National Housing Company NHC has signed a set of agreements and memorandums of understanding with a number of major Chinese construction companies, as part of the plan to implement 100,000 joint housing units by 2030, as part of ongoing efforts to develop the housing sector and strengthen international partnerships that support the Saudi vision.
The agreements came during the official visit of His Excellency the Minister of Municipalities and Housing
Majid bin Abdullah Al-Hogail to China, which lasted two days, and witnessed talks with a number of Chinese construction companies. The agreements came during the official visit of His Excellency the Minister of Municipalities and Housing Majid bin Abdullah Al Haqeel to China, which lasted two days and witnessed extensive discussions on enhancing cooperation in the fields of building, construction and modern housing technologies.
According to the Saudi Press Agency, the agreements included the signing of two framework agreements to implement more than 24,000 housing units in different regions of the Kingdom, in addition to strategic agreements aimed at supporting supply chains and expanding the localization of industries related to the building and construction sector.
According to the Saudi Press Agency, the agreements included the signing of two framework agreements to implement more than 24,000 housing units in different regions of the Kingdom. The memorandums also included cooperation in creating digital solutions through the SupplyPro platform of the National Housing Services Company, which contributes to raising the efficiency of construction operations and improving the quality of supply chains by directly linking manufacturers, developers and contractors.
As part of the growing cooperation between the two companies, the memorandums also include strategic agreements aimed at supporting supply chains and expanding the localization of industries related to the construction sector. <Within the framework of the growing cooperation between the two sides, a framework agreement was signed with the Seventh China Construction Bureau for General Engineering to implement 20,000 housing units worth SAR 8.7 billion, the fifth joint project between the two parties so far. The second project was awarded to the Chinese company CICC, with an incentive for the company to participate in an additional program to build 20,000 housing units within the same initiative.
