Riyadh, Safar 16, 1440, October 25, 2018, SPA -- The Future Investment Initiative, held in the Saudi capital of Riyadh on Thursday, witnessed the signing of an agreement by the Ministry of Housing and the National Housing Company with a consortium of three Chinese companies represented by PowerChina International Group Limited to implement 17,000 housing units in the Dhahiyat Al Yaser residential project in the city of Al-Hasa, Eastern Region. The total value of this agreement is $ 2.7 billion, under which the residential project will be implemented on the land of the Ministry of Housing, on an area of approximately 10 million square meters, with a timetable not exceeding 6 years. --SPA 22:48 LOCAL TIME 19:48 GMT 0039 www.spa.gov.sa/w776006