RIYADH: Saudi Arabia’s Najran Municipality has unveiled 20 diverse investment opportunities across the governorate of Yadamah, encompassing commercial, sports, recreational, shopping, and event activities.
These prospects are dispersed across various locations within the locale, including parks, squares, main roads, and public walkways, as reported by the Saudi Press Agency.
The municipality clarified that the investment opportunities range from temporary agreements to investment deals spanning five to 25 years in various activities. It invited interested investors to review the possibilities and details of the competition through the Forsah platform, which translates to “opportunity” in English.
On March 26, the Deputy Governor of the Najran Region, Prince Turki bin Hathloul bin Abdulaziz, received a detailed briefing on eight investment prospects within the province during his meeting with Saleh Al-Ghamdi, the region’s mayor. Al-Ghamdi, along with other officials, visited the governor’s office for the discussion.
Prince Turki stressed the importance of seizing the region’s available financial opportunities through collaboration with all pertinent government entities. He underscored the pivotal role these agencies can play in promoting development and enhancing the region’s economic prosperity.
In the same month, the municipality of the region, represented by its branch in Habona, presented 31 investment prospects across various areas of the governorate, encompassing the establishment, operation, and maintenance of 21 automotive service centers in the governorate’s industrial area.
Additionally, opportunities include the establishment and operation of three kiosks, three car showrooms, and three auto dismantling yards in the same industrial zone.
In January 2024, the Najran Municipality offered 15 investment possibilities in various locations through the Forsah portal.
These prospects encompass the development and management of six commercial and residential sites, two billboards, and a sports field. They also entail establishing and operating a clinic, a hotel, as well as a festival and events center. Furthermore, they include launching a fuel station, tourist camps, and a fodder warehouse.
In the same period, the regional municipality announced seven temporary investment opportunities, one of which involved establishing winter camps in the city of Najran, with the aim of enhancing services and improving quality of life.
