Investors Welcomed with Over 1,000 Opportunities in Al-Baha and Eastern Province
In a bid to boost economic activity and regional development, investors are being presented with a plethora of opportunities across the Al-Baha and Eastern Province municipalities. The Saudi Press Agency has reported that over 1,000 opportunities are now available in various sectors, including tourism.
Al-Baha Municipality Unveils 1,088 Acquisition Prospects
The Al-Baha municipality in the southwestern region has unveiled a total of 1,088 acquisition prospects, both permanent and temporary. This initiative aims to attract private sector involvement in municipal funding ventures and enhance capital operations in alignment with Saudi Vision 2030.
Eastern Province Municipality Offers Opportunity for Saihat Lake Development
In collaboration with the Sharqia Development Authority, the Eastern Province municipality is offering an opportunity to establish, develop, operate, and invest in Saihat Lake as a tourist and recreational park. The project includes a range of supportive activities in line with the Saudi Green Initiative.
Attracting Investors with Lucrative Incentives
Saleh Shaiban, deputy mayor for investment for Al-Baha, highlighted the attractive incentives for investors, including contractual periods of up to 50 years and exemption periods to support investors. Additionally, there is a 25 percent reduction in bank guarantees for the tender value, making it an appealing opportunity for investors and entrepreneurs.
Enhancing Urban Landscape and Tourism Attractions
These initiatives by the Al-Baha and Eastern Province municipalities aim to stimulate economic activity, develop waterfronts, and enhance tourism and entertainment attractions. The projects are designed to offer extensive space for visitors and park attendees while promoting sustainable development in line with Saudi Vision 2030. Investors and entrepreneurs are encouraged to explore the numerous opportunities available through the digital portal or the Forsah platform.