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Home Business

Savings and Real Estate Bank discusses with Chinese company ways of cooperation in implementation of development projects‎

bySami Zaptia
April 7, 2026
Reading Time: 1 min read
A A
Ministry of Housing in discussions with Ernst & Young in London

‎The Minister of Housing and Reconstruction, Essam Al-Tamouni, discussed yesterday, with the Chairman of the Savings and Real Estate Investment Bank and representatives of a Chinese company, ways of joint cooperation in the implementation of a number of development projects within the country.‎ The Chinese company was not identified in the Housing Ministry’s statement.

‎The meeting discussed the mechanisms for initiating the procedures for concluding contracts with international companies to implement a package of projects in several vital sites and facilities in various regions.‎

‎Al-Tamouni stressed the importance of these partnerships in supporting the state’s efforts to reconstruct and improve infrastructure, with the need to adhere to quality, technical specifications and the specific timetable for implementation.‎

‎At the end of the meeting, the participants agreed to proceed with the completion of the contractual procedures, in preparation for the start of the actual work on the targeted projects in the coming period.‎

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Tags: China chineseConstruction contracting buildingMinistry of Housing and Reconstruction 2020Real Estate Savings and Investment bank

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