Eastern Region Municipality Reaches 100% of Investment Goals

Eastern region: The Eastern Region Municipality has met 100% of the Ministry of Municipalities and Housing's performance targets for attracting investments, securing over SAR30 billion from both local and international sources. According to Saudi Press Agency, spokesperson Faisal Al-Zahrani stated that the municipality has invested more than 95% of its available assets, manages over 6,000 investment contracts, and generates annual revenues exceeding SAR2 billion. The investment projects currently being implemented are distributed across several key sectors, including foreign investments valued at more than SAR1.7 billion, tourism and entertainment projects worth over SAR14 billion, environment and sustainability initiatives exceeding SAR8 billion, urban and waterfront projects valued at SAR4 billion, and health, education, sports, housing, and logistics projects totaling more than SAR5 billion. Al-Zahrani noted that these projects, implemented in partnership with various authorities, are intended to suppor t financial sustainability, create thousands of jobs, and improve the quality of life for residents.