Ministry of Municipalities Offers 13,000 Investment Opportunities with Contracts Exceeding 4.6 Billion Riyals
The Ministry of Municipalities and Housing has offered more than 13,000 investment opportunities through the "Furas" investment portal for Saudi cities 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 improve the efficiency of utilizing municipal assets across the Kingdom.
The ministry explained that the offered opportunities included the development and operation of municipal assets and service facilities, allowing the private sector to review and apply through unified and transparent procedures that contribute to enhancing competitiveness and investment efficiency.
The investment opportunities available through the portal cover a wide range of economic activities, including agricultural, industrial, commercial, educational, health, and environmental sectors, as well as public facilities, sports, entertainment, and tourism activities, and construction projects, real estate management, transportation, and various services.
The "Furas" portal is a digital tool for organizing investment in Saudi cities, enabling investors to access available opportunities in various cities and governorates and apply electronically, contributing to standardizing offering and contracting procedures and raising levels of transparency and competitiveness.
The ministry affirmed that these achievements are an extension of efforts to develop the municipal investment system and enhance the private sector's contribution to urban development, in line with the goals of Vision 2030 in developing the national economy, improving quality of life, and building more sustainable and efficient cities.
Original source: Sabq
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