Saudi Arabia’s Eastern Province is currently implementing investment projects worth more than 30 billion Saudi riyals ($8 billion) across a variety of sectors and activities.
The province also aims to launch new projects worth more than R4 billion ($1.06 billion) in 2026, said Faisal Al-Zahrani, a provincial spokesperson.
He told Saudi daily Alektisadiya that these projects are being implemented in collaboration with the private sector through sophisticated investment models that contribute to reducing the burden on the general budget and improving spending efficiency, in line with the goals of Vision 2030.
Zarani pointed out that the most prominent goals of the municipality’s investment portfolio in 2026 include providing 700 investment opportunities in the cities and provinces of the Eastern Province.
“This will contribute to creating thousands of job opportunities, stimulating economic activity, improving quality of life and promoting diverse economic activities,” he said.
Zahrani revealed that the municipality’s portfolio consists of 12 investment projects under the income sharing system, including projects in partnership with foreign investors in tourism, entertainment, health, markets, infrastructure and urban planning.
The most prominent of these projects is the International City of Dammam, in addition to other high-quality projects such as Al Otaim Circle on the Khobar Corniche, Medical City of Al Aziziya, Industrial Plan of Dammam, Al Aziziya Resort and Half Moon Beach, with a total cost of more than R7 billion.
(Written by N. Syed; Edited by Anup Menon)
(anoop.menon@lseg.com)
Subscribe to Project’s PULSE newsletter, delivering trusted news, updates and insights on project activities, developments and partnerships across sectors in the Middle East and Africa.
