Saudi Holding Company “Ru’ya Hadifah” Signs Strategic Agreements with Major Chinese Firms

Ru’ya Hadifah Holding Company, led by CEO Salman Al-Abdali, signed a series of strategic agreements and partnerships with leading Chinese companies during a business tour in China. Among these, an agreement was inked between the group’s subsidiary, Al-Nibras Investment and Real Estate Development Company, and CITIC Capital, valued at over SAR 4 billion, aimed at developing real estate projects and infrastructure aligned with Saudi Arabia’s Vision 2030.

In the field of future industries, Sahal Business Industries Company signed a cooperation agreement with China New Energy and Eurasia to establish an electric vehicle manufacturing plant in Saudi Arabia, with investments totaling SAR 1 billion. This project supports sustainable transportation, increases local content, and creates quality job opportunities.

The Ru’ya delegation also visited Green Town, one of China’s prominent real estate firms, to explore potential cooperation opportunities. An official invitation was extended for Green Town to visit Saudi Arabia and explore investment prospects. These strategic steps reflect Ru’ya Hadifah’s commitment to expanding international partnerships and transferring advanced technologies to support economic development and sustainability in Saudi Arabia.