22 Hrs
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الاقتصادية
Eastern Province invests 30B in assets and 7B foreign funds
Investments related to municipal contracts and assets overseen by the Eastern Province Municipality have exceeded 30 billion Riyals, including 7 billion Riyals in foreign investments. During the first half of 2026, 470 investment opportunities were offered across sectors such as tourism, entertainment, industry, healthcare, and education, aiming to diversify the investment portfolio and attract capital. The Eastern Municipality has achieved growth in its investment performance, particularly in tourism and waterfront sectors, where its investments in these areas have surpassed 12 billion Riyals, supported by qualitative projects that energize the economic and tourism activities in the region. Additionally, the Municipality ranked first among the municipalities of the Kingdom in 2025 with a score of 109 points, with aspirations to continue increasing revenue and to inaugurate major projects like the "Global City" in Dammam and "Bay Front" in Khobar by the end of 2026 and the beginning of 2027.
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