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| 11 July, 2018

Saudi Arabia, New Zealand discuss construction cooperation

Saudi Arabia has unveiled a $32bln housing programme to boost Saudi ownership of homes from 47% to 70% by 2030

Burj Rafal Hotel Kempinski at Riyadh Saudi Arabia. Image used for illustrative purpose.

Burj Rafal Hotel Kempinski at Riyadh Saudi Arabia. Image used for illustrative purpose.

Kempinski /Handout via Thomson Reuters Zawya

Saudi Arabia and New Zealand have discussed means of cooperation in the field of construction, real estate development, and finding low-cost and sustainable solutions to achieve the objectives of the kingdom's Vision 2030.

The discussions took place during a meeting between the general supervisor of Real Estate Development Fund Khalid bin Mohammed AlAmoudi and the ambassador of New Zealand to Saudi Arabia James Munro in Riyadh, said a Saudi Press Agency report.

Saudi Arabia has unveiled a SR120 billion ($32 billion) housing programme to boost Saudi ownership of homes from 47 per cent to 70 per cent by 2030.

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