The agreement will promote technical cooperation in the field of Housing, including affordable/low income housing and enhance participation of authorities and companies in the housing and Infrastructure projects undertaken in both the countries.
The Union Cabinet, chaired by the Prime Minister Narendra Modi, was apprised about an MoU signed in February, 2019 between India and Saudi Arabia for cooperation in the field of Housing.
A media release (27th of March) said, the MoU will promote technical cooperation in the field of Housing, including affordable/low income housing and enhance participation of authorities and companies in the housing and infrastructure projects undertaken in both the countries.
It will also promote sharing of knowledge and experiences in development and transfer of modern construction techniques and encourage R&D in the fields of housing development.
