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Saudi and Chinese companies sign contract to build 20,000 housing units


Saudi state-backed National Housing Company (NHC) has signed an agreement with China State Construction Engineering Corporation (CSCEC) to build 20,000 housing units in suburbs and communities across the kingdom. The projects are part of NHC’s initiative to build quality projects in coloration with global companies. 

The contract will also include developing health, educational, and commercial facilities.  Construction times and the total cost of development were not given.

In May, NHC signed a cooperation agreement with China’s CITIC Construction to establish an industrial city and logistics zones for building materials, comprising 12 factories in Saudi Arabia, to secure supply chains for residential projects.

Read the full story at Zawya