Minister of Municipal, Rural Affairs and Housing Begins Official Visit to China

Minister of Municipal, Rural Affairs and Housing Majed Al-Hogail will begin today an official visit to Beijing to discuss ways to enhance relations between Saudi Arabia and China in the municipal and housing sectors, and to get acquainted with the Chinese companies’ experience in infrastructure, urban development, housing, real estate development and financing.

During his visit, which will last until August 16, Al-Hogail will patronize the Saudi-Chinese Business Forum, which will be held on August 16 and will be attended by ministry officials and Saudi investors, as well as representatives of Chinese companies and businessmen.

The forum is bound to review investment opportunities offered by Saudi Arabia in infrastructure and housing, with the aim of attracting the best Chinese companies to invest in the Kingdom and strengthen partnerships between the two sides.

Al-Hogail is expected to meet with heads of Chinese companies, including CITIC Group, CITIC Construction and China Insurance Company. He will also meet with heads of Chinese banks, such as the Asian Infrastructure Investment Bank, the Bank of China, the Export-Import Bank of China and the China Development Bank. Discussed at the meetings will be ways to cooperate in infrastructure development and housing projects, and to explore financing models.

Al-Hogail will also visit the exhibition of the development stages of Beijing to learn about the Chinese experience in the development and improvement of cities.

The minister was on an official visit to Turkiye last July, during which he witnessed the launch of the Saudi-Turkish Business Forum in Istanbul. He also met with Turkish government officials, businessmen and investors, aiming to increase cooperation opportunities with Turkish companies in urban development, construction, real estate development, contracting and smart cities.