Saudi Arabia’s Eastern Region Municipality has announced securing more than SAR30bn ($8bn) in local and international investments, marking a major milestone in achieving 100% of the Ministry of Municipalities and Housing’s performance targets for investment attraction.
According to spokesperson Faisal Al Zahrani, the municipality has invested over 95% of its available assets, oversees more than 6,000 investment contracts, and generates annual revenues exceeding SAR2bn ($533m).
The investment portfolio spans several high-impact sectors:
Tourism & Entertainment: $3.73bn
Environment & Sustainability: $2.13bn
Urban & Waterfront Projects: $1.07bn
Health, Education, Sports, Housing & Logistics: $1.33bn
Foreign Investments: $453m
Al Zahrani highlighted that the projects—implemented in cooperation with multiple authorities—are aimed at advancing financial sustainability, creating thousands of jobs, and enhancing quality of life across the Eastern Region.
Source: Arabian Business
