NHC, China's CITIC to establish industrial city, logistics zones in Saudi Arabia

The National Housing Co. (NHC) signed a cooperation agreement with China's CITIC Construction Group to establish an industrial city and logistics zones for building materials, Saudi Press Agency reported.

In a statement, NHC said the project will include 12 factories to secure supply chains for residential projects.

The agreement comes within NHC's framework of securing supply chains for its residential projects, and ensuring their implementation at the target time with high quality.

The project aims to attract 12 of the largest factories specialized in building materials and benefit from Chinese experiences. It also includes the entry of some local factories to boost the level of business.