Mid-September 2024 marks another milestone for Shaanxi Construction Group in the Saudi Arabia market, with the official start of the construction of Aramco's two employee housing complexes in Harad and Oudaishi. The project was driven by two well-known developers, Rama Holding and Asyad Group, and awarded a comprehensive contract including design, procurement and construction to China's powerful Shaanxi Construction Engineering Group through its joint project company, First Developers Real Estate Development Company.
With a cost of more than SAR 1.5 billion, the project aims to address the housing needs of Aramco's 2,800 employees in the remote areas of Harad and Oudaishi, providing a state-of-the-art residential environment with a total area of more than 140,000 square meters. This important move is not only another major victory for Shaanxi Construction Engineering Group in the Saudi market, but also indicates that its influence on the international stage continues to increase. As early as the beginning of 2024, Shaanxi Construction Engineering Co., Ltd. has successfully signed a comprehensive residential and industrial complex project in the two regions through Huashan International Engineering Saudi Arabia Co., Ltd., with a total contract value of up to RMB 1.856 billion. The official start of the project marks that the project has moved from blueprint to reality and entered the substantive construction stage.
Hani · Abdulhadi, the leader of Rama Holdings, highly recognized this and emphasized: "We are honored to entrust Shaanxi Construction Engineering Group as the EPC contractor for this major project. Their exceptional ability to deliver complex infrastructure projects on a global scale makes them the perfect partner for this ambitious development. Faisal Al·-Saeed, Vice Chairman of Asyad Group, expressed similar optimism· saying, "This groundbreaking ceremony is not only a symbol of the beginning of construction, but also a symbol of our shared commitment to excellence. With Shaanxi Construction Engineering Company as our trusted EPC partner, we are confident that we can provide an exceptional living environment for Aramco's employees." ”
The project undertaken by Shaanxi Construction Engineering Group not only consolidates its leading position in the international market, but also proves its profound strength and rich experience in complex project management. As the project progresses, it is expected to significantly improve the living conditions of Aramco's employees, as well as drive local economic growth and employment opportunities. This cooperation achievement is another strong proof of the close economic and trade cooperation between China and Saudi Arabia, and indicates that the economic and trade cooperation between the two countries will usher in a more brilliant future under the dual drive of the Belt and Road Initiative and the Saudi Vision 2030 strategy.Editor/Jiang Mingyue
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