The Chief Executive Officer of Mansat Real Estate Company, Khaled Al-Mubayed, affirmed that offering 13,000 new investment opportunities represents an important step towards enhancing economic development in various regions of the Kingdom, pointing out that this initiative contributes to raising levels of transparency and facilitating investors' access to information regarding available investment sites.

He explained that many of these sites are located in villages and areas that previously did not receive sufficient investment attention, which limited their development and investment opportunities. He added that making these opportunities available through a unified platform with clear and updated data would enhance the attractiveness of these sites to both local and foreign investors.

Saudi Ministry of Municipalities signs contracts exceeding 4.6 billion riyals in the first half of 2026

He pointed out that this step will open the door for implementing qualitative projects in several regions of the Kingdom, noting that many of the offered sites were previously unused lands, while bringing them into the development circle will contribute to activating economic movement and raising the efficiency of utilizing municipal assets.

He added that the economic impact of these opportunities is not limited to the real estate sector only, but extends to the labor market and related sectors, especially as the offered investments are distributed across several activities including entertainment, hospitality, public services, and other vital sectors.

He affirmed that operating these projects will create significant job opportunities, with expectations that national competencies, especially the residents of the targeted areas, will benefit from an important part of these jobs, whether in development or operation stages.

He also explained that the positive impact begins from the project implementation stage, as developing sites and properties leads to increased reliance on local content through utilizing national products and services, which reflects on the performance of local companies and generates direct and indirect job opportunities.

He noted that developing this large number of investment sites will stimulate a wide range of economic sectors, including transportation, logistics services, and warehouses, in addition to the health sector, hospitality and hotel sector, and related commercial activities.

He added that restaurants, shops, markets, and various service activities will be among the main beneficiaries of this investment movement, due to their direct connection to new projects and the additional demand for goods and services they create.

He concluded by emphasizing that injecting investments of this size would enhance economic activity in the coming period, support economic diversification efforts, raise employment levels, in addition to achieving more balanced development in various regions of the Kingdom.

The Saudi Ministry of Municipalities and Housing announced yesterday the offering of more than 13,000 investment opportunities through the Investment Portal in Saudi Cities "Foras" during the first half of 2026, while the total value of contracts signed through the portal exceeded 4.6 billion riyals, as part of its efforts to enhance municipal investment and raise the efficiency of utilizing municipal assets in various regions of the Kingdom.

The ministry explained that the opportunities offered in the municipal sector included developing and operating municipal assets and service facilities, among others, enabling the private sector to view available opportunities and apply through unified and transparent procedures that contribute to enhancing competitiveness, raising investment efficiency, and developing partnership with investors.

Advertorial

Advertorial