Riyadh Municipality has launched a new package of investment opportunities across 12 diverse locations within the city, as part of its efforts to strengthen the local economy and activate the private sector’s role in developing public facilities.
The new offering, which is part of the Investment and Privatization Agency’s 2025 plan, aims to enable investors to operate and maintain cafes in a number of parks in various neighborhoods of the capital, with areas of up to 100 square meters per location and contracts lasting up to five years.
The targeted sites are spread across a number of high-density residential neighborhoods with vibrant activity, including Al-Aqiq I Park, Al-Nafl Park, Qurtuba Park, Prince Sultan bin Abdulaziz Park, Al-Arij Park in Al-Salam neighborhood, and other sites of community interest, with a total area exceeding 1,200 square meters.
This initiative enables investors to take advantage of the existing infrastructure and expansive green spaces, and to provide high-quality hospitality services to park visitors in a safe and integrated environment, thereby contributing to a higher quality of life within the city and supporting the objectives of the Kingdom’s Vision 2030 in urban development and attracting quality investments.
The Secretariat invited interested parties to review the details of the opportunities and submit applications via the "Fursat" platform, the unified online portal for municipal and real estate investment opportunities, which allows users to view locations, purchase bid documents, and submit applications directly online. Investment opportunities can be viewed via the following links:https://cdn0030.qrcodechimp.com/qr/PROD/6313370dcfe4d5df4a08eaa3/fm/_.pdf.
