The Secretary of the Qassim Region, Engineer Muhammad bin Mubarak Al-Majali, signed an investment contract with Abdulaziz bin Abdullah Al-Suwaidani Real Estate Development Company to establish and operate the industrial and logistics city in Al-Muthnib Governorate with a value of (17,537,500) riyals and on a total area of (1,025,703) square meters for a period of (25) years.
The Mayor of Al-Muthnib Governorate, Engineer Dr. Abdulmohsen Al-Ammar, explained that the project represents a qualitative addition to investment opportunities in the governorate, and contributes to enhancing economic development and diversifying investment activities through the establishment of an integrated city that includes a group of industrial, logistical and commercial activities, which supports the economic movement and meets the needs of investors and business owners.
The project includes a logistics area, workshops for light industries, factories and facilities for collective housing, in addition to shops, car showrooms, and an area dedicated to dismantling vehicles and selling used spare parts.
The project reflects the Qassim Region Municipality’s orientations towards developing investment opportunities and investing in municipal sites in a way that enhances the region’s attractiveness for quality investments, and contributes to providing a supportive environment for industrial, logistical and commercial activities in line with the objectives of Saudi Vision 2030.
Delivery of 200 housing units
The Qassim Region Municipality delivered 200 housing units in the Qassim region during the third quarter of this year 2026, as part of developmental housing efforts, in cooperation with relevant charitable associations, which contributes to enabling beneficiary families to obtain suitable housing, enhancing family and social stability, and creating a residential environment that supports quality of life.
The official spokesperson for the Qassim Region Municipality, Naif Al-Nafie, explained that these efforts come as an extension of the municipality’s role in supporting development initiatives and enhancing integration with the non-profit sector and charitable associations to achieve a sustainable impact that addresses the needs of beneficiary families and translates development goals into tangible achievements on the ground.
Al-Nafie explained that developmental housing is not limited to providing a housing unit only, but its impact extends to building family stability and giving beneficiary families an opportunity to move towards a more stable and secure future, stressing that the partnership with charitable associations represents an important pillar in reaching beneficiaries and enhancing the efficiency of housing initiatives and achieving their humanitarian and social goals.
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