Signing international business partnerships exceeding five billion riyals during a tour of China.
Signing international business partnerships exceeding five billion riyals during a tour of China.
Riyadh – Vision Holding Company, headed by CEO Salman Al-Abdali, announced the signing of several strategic partnerships and agreements with leading Chinese companies, a move aimed at boosting foreign investment and transferring technology to the Kingdom of Saudi Arabia.
During a coordination tour of several Chinese cities, Vision Holding Company signed strategic partnerships with Chinese companies with investments exceeding five billion Saudi riyals.
These agreements were made through the group’s subsidiaries. Al-Nibras Investment and Real Estate Development Company signed a partnership agreement with the Chinese real estate investment company CITIC Capital, valued at more than four billion Saudi riyals. The agreement aims to develop unique real estate projects within the Kingdom, in line with the goals of Saudi Vision 2030 to develop the real estate sector and modernize the infrastructure.
In the industrial sector, Sahl Al-Amal Industries Company concluded a strategic agreement with China New Energy and Urawasia, with an investment of one billion Saudi riyals. The agreement aims to localize the electric vehicle industry in the Kingdom by establishing a specialized factory that will contribute to the development of the sustainable transportation sector, support the creation of local job opportunities, and increase national industrial content.
As part of its visit to the People’s Republic of China, the company visited Green Town International, one of the largest real estate companies in China.
During the meeting, the delegation was briefed on Green Town’s most prominent projects and its expertise in real estate development. They also discussed ways of joint cooperation and exchange of expertise between the two sides.
The company’s CEO extended an official invitation to Green Town to visit the Kingdom and explore the most prominent investment opportunities available in the real estate development sector, enhancing the prospects for future partnerships between the two countries in this vital field.
CEO Salman Al-Abdali emphasized that these partnerships represent a pivotal step in the company’s strategy to transform into future industries by attracting global partners and transferring knowledge and modern technologies to the Saudi market. This will enhance the competitiveness of the national economy and support sustainable development.
