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Chinese alliance "invests 2.7 billion dollars In Saudi Arabia
Saudi Press Agency Published in Saudi Press Agency on 25 - 10 - 2018

The Future Investment Initiative, held in the Saudi capital of Riyadh on Thursday, witnessed the signing of an agreement by the Ministry of Housing and the National Housing Company with a consortium of three Chinese companies represented by PowerChina International Group Limited to implement 17,000 housing units in the Dhahiyat Al Yaser residential project in the city of Al-Hasa, Eastern Region.
The total value of this agreement is $ 2.7 billion, under which the residential project will be implemented on the land of the Ministry of Housing, on an area of approximately 10 million square meters, with a timetable not exceeding 6 years.

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