Saudi Arabia has signed six agreements and memorandums of understanding with Chinese entities and awarded housing projects valued at more than SR1.9 billion ($506 million) across Riyadh and Dammam, in a move aimed at strengthening cooperation in construction and urban development.
The announcements were made during an official Saudi visit to China running from June 13 to 16, highlighting growing economic ties between the two countries in infrastructure and real estate development.
The agreements cover a range of areas, including construction investment, modern building technologies, engineering design, financing solutions, and project studies aimed at improving efficiency and accelerating delivery of housing projects. They also include knowledge transfer initiatives and support for public-private partnerships.
Officials said the collaboration reflects China’s expanding role in Saudi Arabia’s construction sector, where Chinese firms are increasingly involved in housing, transport, and major development projects aligned with the Kingdom’s Vision 2030 agenda.
Saudi Minister of Municipalities and Housing Majed Al-Hogail said in a post on X that the partnerships continue to turn ambitions into “tangible achievements,” pointing to new project awards in Riyadh, Dammam, and Taif.
The initiatives form part of Saudi Arabia’s broader plan to deliver 100,000 housing units in cooperation with Chinese companies by 2030. Contracts for tens of thousands of units have already been signed for the coming years.
The Saudi-Chinese Contractors Forum was also launched during the visit, bringing together contractors from both countries to explore opportunities in housing, infrastructure, and urban development.
Officials said the forum supports efforts to localize construction technologies, improve execution quality, and strengthen supply chains as Saudi Arabia continues its housing expansion strategy under Vision 2030.
The latest agreements underline deepening economic cooperation between Riyadh and Beijing, with growing collaboration across construction, technology, and urban development sectors.
