Mar 21, 2017 | By Julia
As part of his recent travels around Asia, the King of Saudi Arabia, Salman bin Abdulaziz al Saud, has overseen a 10 billion RMB (1.5 billion USD) contract between Chinese 3D printed housing company WinSun and Saudi’s Al Mobty Contracting Co. The new agreement will see WinSun 3D print 30 million square meters of construction projects on Saudi Arabian land, addressing a national housing crisis that has escalated in the last several years.
Following WinSun’s recent deal to 3D print 17 office buildings in Dubai, the Saudi King paid a state visit to Chinese President Xi Jinping from March 15 to March 18. This was the King Salman’s first visit to China, where he officiated a memorandum of cooperation between Ma Yi He, WinSun’s Chairman of the Board of Directors, and Saudi’s Al Mobty Contracting Co for more than 10 billion RMB.
Leasing 100 3D printers from WinSun, the Saudi construction company will embark on a large-scale project of 30 million square meters of 3D printed buildings, in what should result in up to 1.5 million affordable new homes for the Saudi population.
WinSun will bring its global, internet-based 3D printing platform to build an online docking of architectural resources in Saudia Arabia. The joint venture aims to carry out localized 3D printing services within the Middle Eastern nation promptly and efficiently.
In an exclusive statement, WinSun representatives say that Al Mobty's decision to use 3D printing technology was a natural one: the reduction of construction waste, savings on material and labor costs, use of eco-friendly printing materials, and a short construction period mean that 3D printed construction is a viable option for Saudi Arabia’s desert climate, an issue that presents frequent problems for traditional construction methods.
WinSun plans to meet these needs with a new business model for green buildings, to be used in Saudi Arabia but also worldwide. The Chinese construction company will provide equipment rental, brand use, and other assets in order to help partner companies embrace 3D printing building technology as quickly and seamlessly as possible.
With this in mind, WinSun’s chairman and vice president participated last week in a “Saudi-China Investment Forum” at the China Grand Hotel in Beijing, where they met with Saudi royal family members, the Saudi Economic Planning Department, and other ministries. Over 600 entrepreneurs and business leaders between the two countries, including representatives from Huawei, ZTE, and Sany Heavy Industry, were present to discuss strategic cooperations moving forward.
King Salman has commented that he sees great importance in economic and trade cooperations between China and Saudi Arabia, and is very pleased that he was invited to create new opportunities for both nations. He also expressed hope that the two countries will further strengthen exchanges and cooperations to continue pushing development forward.
WinSun has committed to completing 100 packages of 3D printing equipment for delivery to Saudi Arabia in the next six months.
Posted in 3D Printer Company
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