Ministry of Municipalities and Housing
Development of municipal assets and facilities
The ministry explained that the opportunities offered included multiple areas, including the development of municipal assets and service facilities, in accordance with the approved regulatory frameworks, allowing the private sector to view and apply for investment opportunities within clear procedures, indicating that the investment contracts signed through the portal came within the work of offering opportunities and completing contracting procedures, which contributes to activating the use of assets and organizing the contractual relationship with investors.
In this context, the Ministry pointed out that more than 185 investment contracts have been signed for municipal parks, within the framework of expanding the investment of public parks, developing their facilities and services, and raising the efficiency of their operation and maintenance, in support of improving the experience of visitors and maintaining the sustainability of facilities, without compromising their nature as public open spaces.
More than 185 investment contracts have been signed for municipal parks.
Organizing investment in the municipal sector
She pointed out that the “Forooz” portal is used as one of the tools to organize investment in the municipal sector, by unifying the offering procedures, raising the level of transparency, and organizing the investment cycle, in order to support the efficient management of municipal assets, noting that she is working on the continuous development of the portal within the institutional and digital transformation process to facilitate access to investment opportunities, and organize the offering and contracting procedures, in accordance with applicable regulations.
Forooz portal. The Ministry of Municipalities and Housing stressed that what has been achieved through the “Opportunities” portal comes within its regulatory functions for investment in the municipal sector, in line with the objectives of the Kingdom's Vision 2030 related to organizing cities and promoting sustainability of the sector.
