Saudi Municipalities Unveil 57 New Investment Opportunities to Drive Economic Growth
In a move to boost economic growth and support the private sector, Saudi Arabia’s Hail, Qassim, and Asir municipalities have revealed a total of 57 new investment opportunities spanning across entertainment, sports, commercial, and residential sectors.
The initiatives aim to elevate service levels, enhance quality of life, increase regional investment, and generate municipal revenues, as reported by the Saudi Press Agency.
These efforts are part of the municipalities’ ongoing strategy to stimulate economic activity, enhance regional development, improve urban landscapes, and elevate tourism and entertainment attractions.
The announcement underlines Saudi Arabia’s commitment to Vision 2030, focusing on fostering a more resilient and inclusive economy by promoting growth in areas beyond major cities like Riyadh and Jeddah.
Investment Opportunities in Hail, Qassim, and Asir
In Hail, the municipality has rolled out 33 investment opportunities through the Saudi Cities Investment Gate, known as Furas, for the third quarter of 2024. These opportunities include commercial complexes, fuel stations, commercial kiosks, residential-commercial sites, car maintenance centers, pedestrian bridges, and cash dispensers.
Qassim Municipality, through its Riyadh Al-Khabra branch, has announced six investment opportunities in commercial, sports and entertainment, and industrial sectors via Furas.
Representing Asir Municipality, the Dhahran Al-Janoub branch has unveiled 18 investment opportunities through the municipal investment portal, covering commercial, sports and entertainment, and industrial sectors.
Interested investors can explore these opportunities on Furas and reach out to the relevant investment departments through the portal for further information.