Al-Ahsa Municipality signed investment contracts for 27 opportunities among the opportunities recently offered through the Investment Portal in Saudi Cities (Opportunities) for the current year 2023.
The mayor of Al-Ahsa, M. Issam bin Abdul Latif Al-Mulla said that the investment returns for these opportunities are estimated at approximately 126 million and 17 thousand and 340 riyals, stressing that this comes as an extension of the efforts to develop the investment system, grow revenues, enhance quality of life elements in line with the Kingdom’s Vision 2030, and involve the private sector in developing the investment field in the municipal sector and achieving The concepts of sustainability in it are in line with the objectives of the Ministry of Municipal, Rural Affairs and Housing in the procedures for offering and awarding investment opportunities announced by secretariats and municipalities through specific procedural mechanisms, calling on investors and entrepreneurs wishing to participate in municipal investment to view the details of investment opportunities through the digital portal for investment in Saudi cities. “Opportunities” to apply for these opportunities.
It is noteworthy that the investment opportunities whose contracts were signed included (establishing and operating a hospital in the Al-Quds neighborhood in the city of Hofuf with an area of 17,600 square meters, establishing, operating and developing a tourist destination in Al-Uqair Beach on an area of 1.7 million square meters, establishing, operating and maintaining the standard beach area and caravans in Al-Uqair Beach on an area of 120,000 square meters. m2, establishing, operating and maintaining an entertainment city south of Hofuf with an area of 132 thousand square metres, constructing and operating 3 commercial complexes), in addition to investing in the construction and operation of a number of activities in the entertainment, industrial and professional fields.
The investment contracts also included the development, operation and maintenance of the Mahasin neighborhood park in the city of Mubarraz and the Al-Muhammadiya neighborhood park in the city of Hofuf, with an area of 52,000 square meters. The development elements for the two parks include “constructing sports fields, fountains, restaurants and cafes, a bicycle path, walking tracks, children’s play sites, and an amphitheater.” To hold events, basic facilities supporting the operation of the park, additional investment activities with the approval of the municipality.”