Thursday, July 16, 2026

«Al Jazeera» - Economy:

The Ministry of Municipalities and Housing announced the offering of more than 13,000 investment opportunities through the Saudi Cities Investment Portal «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 improve 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, service facilities, and others, allowing the private sector to view available opportunities and apply through unified and transparent procedures that contribute to enhancing competitiveness, raising investment efficiency, and developing partnerships with investors.

The Ministry stated that the Saudi Cities Investment Portal «Foras» enables investors to access investment opportunities offered in various cities and governorates of the Kingdom and apply electronically through unified and transparent procedures, contributing to facilitating the investor's journey and improving investment efficiency in government assets and facilities.

It pointed out that the investment opportunities available through the portal cover a wide range of economic activities, including agricultural, industrial, commercial, educational, health, and environmental sectors, in addition to public utilities, sports, entertainment, and tourism activities, as well as construction projects, property management, transportation, and various services, enhancing the attractiveness of Saudi cities and supporting sustainable economic and urban development.

It reported that the «Foras» portal is one of the digital tools for regulating investment in Saudi cities, by unifying offering and contracting procedures, raising levels of transparency and competitiveness, and facilitating investors' access to available opportunities in various regions, contributing to improving the investment cycle and enhancing the efficiency of services provided to beneficiaries.

It confirmed that the achievements made during the first half of 2026 are an extension of efforts to develop the municipal investment system, enhance the attractiveness of Saudi cities for investment, and increase the private sector's contribution to urban development, in line with the goals of the Kingdom's Vision 2030 in developing the national economy, improving quality of life, and building more sustainable and efficient cities.

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