RIYADH: Saudi Arabia’s Hail, Qassim, and Asir municipalities have launched 57 new investment opportunities across various sectors such as entertainment, sports, commercial, and residential. The purpose of this initiative is to boost economic development, promote the private sector and improve the living standard within these regions.
According to the Saudi Press Agency, these opportunities are aimed at boosting economic development, enhancing the appearance of large cities, and increasing municipal revenues. This effort is in line with Saudi Arabia’s Vision 2030 that aims to support regional development and create a strong economy outside the major cities like Riyadh and Jeddah.
In Hail, the municipality has launched 33 investment opportunities through the Saudi Cities Investment Gate (Furas) for the third quarter of 2024. These include two business complexes, a fuel station, a business kiosk, a store, multi-use areas, secondhand clothes store and two residential-commercial areas. There are four car maintenance centers, three pedestrian bridges, and 12 cash dispensers.
The Qassim Municipality, particularly its Riyadh Al-Khabra branch, has declared six investment opportunities via Furas. These opportunities are open to private sector entities in the commercial, sports, entertainment and industrial sectors.
The Dhahran Al-Janoub branch of Asir Municipality has announced 18 investment opportunities through the municipal investment website. These include sectors like commercial, sports and entertainment and industrial.
The interested investors can get more information and get in touch through the Furas portal. The decision shows the country’s efforts to diversify its economy and foster to regional development as part of Saudi Arabia’s Vision 2030.
