Saudi minister visits China to enhance collaboration in housing sector

Saudi Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail arrived in Beijing on Sunday (Shutterstock)
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Updated 14 August 2023
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Saudi minister visits China to enhance collaboration in housing sector

  • Business forum planned to attract top Chinese companies interested in investing in Saudi Arabia

RIYADH: Aimed at strengthening bilateral ties in the fields of housing and civic infrastructure, Saudi Arabia’s housing minister began a four-day visit to China to hold meetings with top officials, construction companies, and financiers.   

Saudi Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail arrived in Beijing on Sunday and will explore exchanging experiences and expertise regarding infrastructure, urban development, real estate development, and finance, the Saudi Press Agency reported.

During the visit, Al-Hogail is also set to patronize the Saudi-Chinese Business Forum, scheduled on the last day of the visit. The event aims at attracting top Chinese companies to invest in Saudi Arabia while cementing the two countries’ partnerships.    

The forum will review the investment opportunities and advantages Saudi Arabia offers in infrastructure and housing. It will be attended by Saudi officials and investors, along with representatives of Chinese companies.

HIGHLIGHT

Minister will explore exchanging experiences and expertise regarding infrastructure, urban development, real estate development, and finance.

As scheduled, the Saudi minister will meet with top executives of Chinese companies, including CITIC Group, CITIC Construction, and China Insurance Co. He will also hold meetings with several senior officials of Chinese banks, such as Asia Infrastructure Investment Bank, Bank of China, Export-Import Bank of China, and China Development Bank.

Al-Hogail will discuss ways to increase collaboration with Chinese firms for infrastructure development and housing projects.

Moreover, he will also visit the Beijing development exhibition to learn about Chinese experiences in urban development.   

It is noteworthy that Saudi Arabia and China sealed 35 investment agreements worth around $30 billion during the visit of Chinese President Xi Jinping to the Kingdom last December. Among these was an action plan to activate the housing memorandum of cooperation provisions, penned by Al-Hogail and Wang Wentao, China’s commerce minister.

Last month, Al-Hogail visited Turkiye, where he attended the launch of the Saudi-Turkish Business Forum in Istanbul. He also met with several Turkish officials, businesspeople, and investors.

The visit to Turkiye also sought to enhance cooperation opportunities with Turkish companies in urban and real estate development, construction, contracting, and smart cities.  


Saudi Arabia launches skills framework to support mining, industrial growth 

Updated 6 sec ago
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Saudi Arabia launches skills framework to support mining, industrial growth 

JEDDAH: Saudi Arabia has launched a new skills framework for the mining and industrial sectors to standardize job roles and support workforce development. 

The initiative was unveiled by Minister of Industry and Mineral Resources Bandar Alkhorayef on the sidelines of the Global Labor Market Conference 2026, according to Al-Eqtisadiah. 

The framework is intended to help employers, job seekers and training providers better navigate labor demand in mining and industry, as Saudi Arabia accelerates investment in manufacturing, minerals processing and related value chains under Vision 2030. 

“This is, in fact, a tool which ensures clear definitions of occupations and their required skills. It will cover more than 500 job roles, detailing the necessary skills, responsibilities, and titles,” Alkhorayef said during a discussion panel at the event. 

The Ministry of Industry and Mineral Resources said the initiative — known as the Industry & Mining Occupations & Skills Framework — will serve as a national reference for occupations and skills in mining and industry. 

The framework is designed to achieve a set of strategic objectives that support human capital development in the industrial and mining sectors. It aims to strengthen workforce planning, training programs, and career pathways, while supporting informed decision-making. 

Covering more than 500 industrial occupations, over 300 professional specialties, 600 skills, and 900 professional certifications, the framework sets standardized job titles, descriptions, and skill requirements to support recruitment, performance, and competitiveness. 

For each occupation, a profile is developed, outlining the code, job titles, and descriptions, as well as other information such as key tasks, educational qualifications, and required skills.

These profiles give employees clarity on roles, career pathways, and accredited credentials, while helping job seekers match their qualifications with suitable roles and focus on targeted skill development. 

The framework, published by the ministry, runs to nearly 3,200 pages and was developed through collaboration with the General Authority for Statistics, alongside government bodies, private sector organizations and academic institutions. 

The launch comes as Saudi Arabia’s mining push gains momentum after new surveys of the Arabian Shield showed the Kingdom’s mineral resources are larger than previously estimated. 

Official estimates have jumped by about 90 percent to roughly SR9.37 trillion ($2.5 trillion), up from around SR5 trillion in 2016, strengthening the case for further mining investment and skills development.