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news Details

In a dialogue session within the Restatex Real Estate Exhibition

The Mayor of Al-Ahsa, Essam bin Abdul Latif Al-Mulla, stressed that the Al-Ahsa Development Authority is working to establish a sustainable development for the city, including economic, cultural and social development, and enhances the benefit of the great potential that characterizes Al-Ahsa, and supports its economic growth to transform it into a major attraction for internal and external investments. And dealing with the infrastructure challenges facing Al-Ahsa in a clear and clear strategy, adding that these roles inevitably fall mostly within the work of the secretariat, which will be dealt with in planning and implementation twinning with the authority’s plan in order to achieve complementarity in achieving the set goals. This was stated in the dialogue session (the most important investment aspirations). and leadership projects in the Eastern Province) with the participation of the CEO of the Quality of Life Program Center, Khaled Al-Bakr, and the head of the business sector at the Tourism Development Fund, Wahadan Al-Qadi, on the sidelines of the activities of the largest real estate event in the Kingdom, the Restatex Real Estate Exhibition in the Eastern Province, whose activities continue until the 3rd of this November at the Dhahran showrooms. International "Dhahran Expo". Al-Mulla pointed out the fundamental role of development agencies in the Kingdom and the unlimited support they receive from our wise leadership - may God protect them - as their role revolves around developing cities in a way that raises the quality of life of residents and contributes to enhancing local content in accordance with the goals of our Kingdom’s ambitious vision, as Al-Mulla touched on in his speech. To the Downtown project in Al-Ahsa, affiliated with the Downtown Saudi Company, one of the Public Investment Fund companies in the Kingdom, the launch of which was announced by His Royal Highness Crown Prince Mohammed bin Salman, Chairman of the Board of Directors of the Public Investment Fund, on October 3, 2022, indicating that the project will be a distinguished destination for... Al-Ahsa is characterized by vital components and indicators, and its impact will be reflected in a resounding success that fulfills the great aspirations of His Highness the Crown Prince and the entire people. Al-Ahsa will contribute, along with the rest of the cities, to enhancing economic development and providing investment opportunities and job opportunities in line with the “Kingdom’s Vision 2030,” stressing that at the same time it falls on It is the responsibility of Al-Ahsa Municipality to contribute its role towards providing service and implementation facilities for major, developmental and economic projects based on its strategic objectives aimed at enhancing and raising integration and cooperation with all sectors in order to serve the achievement of the goals of the wise vision in raising the quality of life in cities. Regarding investment opportunities, Al-Mulla pointed out that Al-Ahsa is an attractive environment full of ingredients for success, as it is a strategic land with a deep history and a promising future. The secretariat’s role comes in offering many investment opportunities, as the secretariat recorded financial returns from investment opportunities during the current year, amounting to an estimated 130 million riyals. This is an extension of the efforts to develop the investment system, develop revenues, and enhance quality of life elements, in addition to involving the private sector in developing the investment field in the municipal sector and achieving concepts of sustainability in it in accordance with the objectives of the Ministry of Municipal and Rural Affairs and Housing in the procedures for offering and awarding investment opportunities announced by the secretariats and municipalities through Specific procedural mechanisms, through the digital portal for investment in Saudi cities “Foras”.

Last Update: 20/05/1445
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