BETH – Dammam

The growing influx of international investments into the Eastern Province reflects a qualitative shift in the region’s economic and investment landscape, strengthening its position as a global investment hub and an integrated urban destination aligned with the objectives of Saudi Vision 2030.

In this context, Faisal Al-Zahrani, official spokesperson for the Eastern Province Municipality, stated that the region has witnessed foreign investment inflows exceeding SAR 1.7 billion in recent years—an indicator of international confidence in the province as a promising economic center and an attractive business environment at the regional level.

Strategic Factors Driving Attractiveness

Al-Zahrani explained that the Eastern Province’s investment appeal is driven by:

Its strategic location on the Arabian Gulf,

Advanced infrastructure,

A flexible regulatory environment that provides significant investor incentives, including:

Streamlined procedures,

Ready-to-develop land plots for high-value projects.

He added that these advantages have helped attract investors from several countries, including:
Kuwait, Thailand, Italy, India, France, Egypt, China, South Korea, and Scotland.

Major Projects Enhancing Quality of Life

Kuwaiti investments: Exceeded SAR 500 million in entertainment, commercial, and tourism projects spanning 300,000 m² in the Dammam metropolitan area, including retail complexes and premium parks that support quality of life.

“Global City” Project (Thailand): Located in Dammam on an area exceeding 600,000 m² with a projected cost of more than SAR 650 million, the project features a diverse cultural and tourism concept, enhancing the Eastern Province’s position as a hub for domestic and international tourism.

Environmental, Industrial, and Logistics Investments

Environmental and industrial sector: Investments exceeding SAR 400 million from countries such as Italy, India, France, and Egypt. Among the most notable is the Italian “Lavagette” project, which specializes in processing construction waste, preserving natural resources, and reducing uncontrolled landfilling, as part of the transition toward a more sustainable circular economy.

Logistics sector: Investments totaling SAR 150 million from Scottish, Chinese, and South Korean companies in storage, transportation, and industrial facilities.

A Sustainable Investment Vision

Al-Zahrani concluded by affirming that the Eastern Province Municipality continues to develop a competitive and stimulating investment environment aligned with Vision 2030, further enhancing the province’s position as a sustainable economic platform open to international partnerships and global investment models.