Over 4.1 million gather at Grand Mosque on 29th night of Ramadan    Myanmar earthquake death toll climbs to 144    Zelenskyy says new US draft minerals deal 'significantly differs,' rules out treating aid as a loan    Sudanese army says it has cleared final RSF positions in Khartoum    Trump renews push to acquire Greenland    Interior minister visits Grand Mosque operations center    Saudi Arabia prepares over 19,000 mosques and open-air prayer grounds for Eid Al-Fitr prayers    Reef Saudi bazaar celebrates rural heritage with traditional crafts and strong public turnout    World's largest barbershop opens at Clock Towers Center in Makkah to serve pilgrims    Saudi non-oil exports jump 10.7% in January    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    OMODA&JAECOO Accelerate Global Expansion JAECOO J8 records strong first month orders in Saudi Arabia, J5 prepares for launch    LOT - The Value Shop makes its grand debut in Hafar Al-Batin    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    Disney's Snow White film tops box office despite bad reviews    NewJeans announces hiatus after setback in court battle    George Foreman, heavyweight champion and cultural icon, dies at 76    Court rules against K-pop group NewJeans in record label dispute    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Housing Ministry Signs Three Agreements in FII2018
Published in Saudi Press Agency on 25 - 10 - 2018

The Ministry of Housing announced today that Eskan Program, one of the programs to achieve the Kingdom Vision 2030, signed two agreements and a memorandum of understanding aiming at attracting more investments in the housing and construction sectors. Upon these agreements, the Kingdom aims to bring the best international technologies and further alliances with the best specialized companies in the field.
The investments announced today are:
- A Memorandum of cooperation between US-based Katerra and the Eskan Program to introduce modern and rapid construction methods to Saudi Arabia. This memorandum aims to build 50,000 housing units annually and 6 to 8 plants specialized in modern construction technologies in addition to creation of 15,000 jobs.
- A Memorandum of residential real estate development on the Al Asfar project worth USD 2.7 billion between PowerChina International Group, the Ministry of Housing and National Housing Company to build 17,000 housing units over the next six years. It's expected that this project provides 4,000 jobs in the housing sector.
- A Memorandum of residential real estate development on the Telal Alghoroob project between the Sakani program, Alameriah and Sany (a Saudi – Chinese Partnership). This investment amounts to USD 1.2 billion to build three housing projects with 9500 housing units in Dammam and Jeddah.
--More
17:40 LOCAL TIME 14:40 GMT
0019
www.spa.gov.sa/1833916


Clic here to read the story from its source.