The Ministry of Environment, Water, and Agriculture has announced the offering of a diverse portfolio of real estate assets under its supervision for investment terms of 25 years or more, noting that investors will be exempt from paying rent for a certain period to allow for preparation and construction.
Nawaf Al-Abdulkarim, Director of the Ministry’s Investment Department, said during a workshop titled “Investment Opportunities in Nurseries,” that after completing the infrastructure required to implement the regulations, the Ministry has offered real estate opportunities in coastal areas and parks, as well as agricultural opportunities and investments in livestock and nurseries.
He noted that there is optimism, given that the regulations now make it possible to take advantage of the Ministry’s investment opportunities to upgrade the sites under its supervision and enable investors to undertake investment activities in line with the Ministry’s objectives.
Regarding investment opportunities related to nurseries, Ali Al-Mihna, an official in the General Administration and Investment Department, explained that the Ministry has offered four investment opportunities to the private sector in the Riyadh region, The first investment opportunity is in Al-Zulfi Governorate, covering an area of 23,000 square meters, with an investment contract lasting up to ten years and a ten-month grace period—during which no fees are charged—for preparation and construction, to facilitate matters for investors.
The second investment opportunity is in Al-Majma’ah Governorate, covering an area of 58,000 square meters, with an investment contract lasting up to ten years and a ten-month grace period, during which no fees are charged, to allow for preparation and construction.
The third investment opportunity is in Al-Ghat Governorate, covering an area of 168,000 square meters, and the final investment opportunity is in Al-Muzahmiyah Governorate, covering an area of 478,000 square meters, with a contract term similar to that of the previous investment opportunity.
