His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Haqeel, approved an investment project to develop infrastructure and services in the industrial plan and establish an industrial city in Dammam on an area of 1.5 million square meters.

The project reflects the directives of His Highness the Emir of Eastern Province and His Highness the Deputy Emir of Eastern Province. The project reflects the directives of His Highness the Emir of the Eastern Province and His Highness the Deputy Emir, and aims to promote industrial development through partnership with the private sector, noting that the project focuses on improving infrastructure, addressing visual distortion, and enhancing the quality of life, in line with the Kingdom's Vision 2030.

He pointed out that the Municipality has put forward a proposal to improve the infrastructure, address visual distortion, and enhance the quality of life, in line with the Kingdom's Vision 2030. <He pointed out that the Municipality has offered more than 436 investment opportunities, with a plan to increase opportunities to 5,000 by 2026, taking advantage of a database that includes investment assets exceeding 116 million square meters. He also called on investors and entrepreneurs to take advantage of incentive benefits that include contracts of up to 50 years and exemptions of up to 10% from the duration of contracts, while reducing bank guarantees to 25%.

He pointed out that the Municipality has launched 566 investment opportunities, with a plan to increase the opportunities to 5,000 by 5,000 square meters by the end of the year. <View opportunities through the “ForUs” portal or the Investment Excellence Center.