Al-Sharqiya Municipality signs investment contracts and agreements worth 9 billion riyals in 2024

During the year 2024 AD, the Eastern Province Municipality signed a number of investment contracts at a cost of more than 9 billion riyals, a group of which were sponsored by His Highness the Emir of the region.
The investment contracts included maritime transport projects, the Dammam Creek, the Al Hamra Corniche, the establishment of a private university, a waste recycling plant, and methane gas investment.

Investment projects

The Cityscape World Exhibition witnessed the launch of a group of investment projects, including the Sustainability City with the SIRC Company, a subsidiary of the Investment Fund, the development of a group of plans and industrial and logistics cities, and the development of waterfronts for infrastructure investment and services.
The events included: Southern Development and Investment in Al-Khobar, the Asfar Company affiliated with the Public Investment Fund, and a group of diverse investment projects with many health, commercial, tourism, entertainment, sports and social activities and fields in various cities and governorates of the region.
She noted that more than 95% of the available investment assets have been invested, and work is underway to offer and launch more distinctive and qualitative investment opportunities and projects to support investors and entrepreneurs.

Attracting investments

The Secretary of the Eastern Region, Engineer Fahd bin Muhammad Al-Jubeir, said: The secretariat seeks to attract investors and entrepreneurs, support them, improve investment attraction, and encourage investments.
He added: “The Eastern Region is distinguished by its geographical location as a gateway to the countries of the Arabian Gulf, its vast area, the largest among the regions, and the diversity of activities and economic movement therein. It is characterized by attracting foreign investment as it represents a global energy center and contributes significantly to the Kingdom’s domestic product. It is characterized by an advanced ranking in providing and occupying jobs, and the ability to Purchasing and a major tourist destination.
He pointed out that these factors are positive factors that motivate and encourage the development of investments.