Saudi Arabia signed investment agreements with China on the sidelines of the Saudi-Chinese Business Forum held in Beijing Wednesday.
The forum focused on exploring investment opportunities between Saudi Arabia and China, with a special emphasis on strengthening partnerships in urban infrastructure, housing, real estate development, and financing.
Saudi Press Agency (SPA) said that 12 cooperation agreements were signed between Saudi and Chinese companies and banks. These agreements, with a total investment value exceeding SAR 5 billion ($1.3 Billion), covered various fields including infrastructure development and financing, and specifically included five agreements related to housing projects. (QNA)
