Saudi Municipalities Offer 57 Investment Opportunities Across Commercial And Residential Sectors

RIYADH: Saudi Arabia’s Hail, Qassim, and Asir municipalities have unveiled 57 new investment opportunities across entertainment, sports, commercial and residential sectors, aimed at boosting economic growth and supporting the private sector. 

These initiatives are intended to enhance service levels, improve quality of life, boost regional investment and increase municipal revenues, the Saudi Press Agency reported. 

The move is part of the municipalities’ ongoing efforts to stimulate economic activity, enhance regional development, improve urban landscapes and boost tourism and entertainment attractions. 

It also highlights Saudi Arabia’s commitment under Vision 2030 to foster a more resilient and inclusive economy by promoting growth in areas beyond major cities like the capital, Riyadh, and the Red Sea port city of Jeddah. 

In Hail, the municipality has announced 33 investment opportunities through the Saudi Cities Investment Gate, known as Furas, during the third quarter of 2024. 

These opportunities include two commercial complexes, a fuel station, and a commercial kiosk. They also cover a store, multipurpose locations, a site for second-hand clothes, and two residential-commercial sites. Additionally, the projects include four car maintenance centers, three pedestrian bridges, and 12 cash dispensers. 

The Qassim Municipality, through its branch in Riyadh Al-Khabra, has announced six investment opportunities via Furas. These opportunities are available for private sector entities in the commercial, sports and entertainment, and industrial sectors. 

Representing the Asir Municipality, the Dhahran Al-Janoub branch has announced 18 investment opportunities via the municipal investment portal, spanning commercial, sports and entertainment, and industrial sectors as well. 

Interested investors can review the details of these opportunities at Furas and contact the relevant investment departments through the portal.