Riyadh – Mubasher: Saudi Arabian’s housing ministry plan to award contracts to Egyptian companies for building housing units in the kingdom, a local newspaper cited well-informed sources as saying.
The sources told Okaz newspaper Wednesday that the deals with Egyptian contractors aim to boost cooperation between the private sector locally and overseas to provide homes for nationals.
In March, the housing ministry signed contracts with South Korean firms to build a new city at a cost ranging between $18 billion to $20 billion.
