Najran municipality unveils 20 investment opportunities

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 said 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, Prince Turki bin Hathloul bin Abdulaziz, deputy governor of Najran region, received a briefing on eight investment opportunities within the province during his meeting with Saleh Al-Ghamdi, the region’s mayor, who along with other officials, visited the governor’s office.

Prince Turki stressed the importance of seizing the region’s available investment opportunities through collaboration among all government entities.

Observers may recall that in August 2023, Najran Municipality Investment Co. was launched to boost investment activity in the region.

The new entity, a closed jointstock government firm, was established to serve as an investment arm of the region’s municipality and a valuable addition to its businesses. Abdullah Al-Fadel, the official spokesperson for the municipality, emphasized that this move was expected to contribute positively to the region’s economic development.

He also explained that the new company will work on three main axes. The first is the axis of managing and developing municipal investment contracts.

The second axis includes managing municipal service contracts. The spokesman added that the third axis involves establishing tourism development projects with the participation of the private sector.