Beth: As an extension of the efforts of the Eastern Province Municipality in translating the goals of the Kingdom’s Vision 2030, which is based on developing the investment system and developing revenues, the Municipality announced the launch of a medical city in Al-Aziziyah in Al-Khobar Governorate to serve the people of the region and improve health services, which contains medical complexes, radiology centers, pharmacies and shops, which enhances the elements Quality of life and achieving the concept of spending efficiency and financial sustainability with an area of ​​35,000 square meters and the duration of the project is 50 years.

His Excellency the Mayor of the Eastern Region, M. Fahd bin Muhammad Al-Jubeir, explained that this opportunity is among 230 investment opportunities that come as an extension of the Municipality’s efforts to offer pioneering and exemplary investment projects and initiatives with the aim of revitalizing the economic movement and supporting investors and entrepreneurs in cooperation with government and private sectors to achieve the concept of financial sustainability, spending efficiency, raising revenues and enhancing The elements of quality of life and the improvement of services for the residents and visitors of the region.

Al-Jubeir confirmed that the proposed investment activities for this project include medical services activities such as hospitals, medical complexes, radiology centers, in addition to automated teller machines, self-sale machines, and shops with all their activities.

His Excellency pointed out that this opportunity is among 230 investment opportunities offered by the Secretariat, as some of these opportunities extend to 50 years, which stimulates investors and increases their appetite and attractiveness of investments in the Secretariat. The required bank guarantee has been reduced to only 25%, and the exemption period is up to 10% of the total The duration of the contract in support of investors and entrepreneurs, facilitating them and raising the appetite of investors.

The mayor of the Eastern Province called on investors and entrepreneurs wishing to invest to communicate with the Investment Excellence Center in the Municipality or view details of investment opportunities through the digital portal for municipal investment, and the smart application “Foras” with ease to participate in the investment opportunity.