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Source:
الوطن
Eastern Province invests 7B riyals in 91 deals
The Eastern Province Municipality has attracted investments exceeding 7 billion Riyals through more than 91 investment contracts with 50 investors from 17 countries. These projects encompass a variety of activities with durations ranging from 5 to 50 years. They contribute to generating annual revenues of over 2 billion Riyals, with asset investment ratios exceeding 95%, and help create numerous job opportunities while stimulating economic activity in the region. The municipality also focuses on simplifying procedures and providing incentives to investors, such as reducing bank guarantees and expediting operational licenses, to promote greater private sector participation in developing municipal assets and fostering local and international economic growth.
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