First published: 18-Sep-2025 12:31:04

Staff Writer

Saudi-listed Al Kathiri Holding Company said its subsidiary has signed a non-binding memorandum of understanding (MoU) with the Rwanda Housing Authority to develop 10,000 affordable housing units.

The MoU was signed by Alian Industries Company and will be valid for five years from the signing date, Al Kathiri said in a statement to the Saudi stock exchange.

As part of the agreement, Alian will prepare a comprehensive project implementation proposal (technical, financial, and execution aspects) and submit it to the competent authorities in Rwanda for approval.
 
The MoU is part of Al Kathiri’s strategy to expand into international markets and transfer the latest construction technologies to global markets, in line with Saudi Vision 2030 objectives of supporting national exports.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.