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Jeddah - Yasmine El Tohamy - DAMMAM: The Eastern Province Municipality has recently confirmed more than 6,000 contracts in the field of investments and revenue development in the cities and governorates of the province, the Saudi Press Agency reported.
According to SPA, this will contribute to the creation of tens of thousands of job opportunities and support economic growth and development in the area.
The municipality said that the contracts were signed in cooperation with the Eastern Province Development Authority. It also stated that Prince Saud bin Nayef, governor of the Eastern Province, launched 18 development and investment projects at the beginning of this year, with a total cost of SR14 billion ($3.733 billion) to support the quality of life in the province.
This includes improving services and city economies by making a digital and qualitative leap in the number of projects and quality investment services through launching a large and diverse range of projects, contracts, agreements, investment opportunities and developments in various cities and governorates of the region, according to SPA.
The municipality said that Dammam city has obtained most of the projects, contracts, opportunities and investment agreements. These include investment in King Abdullah Cultural Hall, Dammam Corniche development, Al Marjan Island marine activities project, collaboration with Saudi Entertainment Ventures (Seven) of the Public Investment Fund, an opportunity to invest in naming and sponsorship rights for the Dammam Corniche, infrastructure development projects, industrial and service plans, landfills and recycling factories in partnership with the Saudi Investment Recycling Company affiliated with the PIF.
Additionally, there are projects in resorts, transport, sea taxis, ports and marinas to connect cities and governorates in the Eastern Province. These projects are expected to bring about a significant improvement in entertainment services, tourism, marine activities, infrastructure, environmental safety and industry, ultimately enhancing the quality of life.
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