Saudi Arabia’s Eastern Region Municipality announced it has awarded a project to establish a fully integrated model industrial city in Dammam covering an area of 2.4 million square metres.
The city will house a range of light industries and manufacturing facilities, as well as worker accommodations and various support services.
The development project will include infrastructure and services in industrial zones across the region.
Saudi industrial city plans
The project is expected to bring about an important shift in the region by accelerating development, optimising costs, increasing revenues, involving the private sector in development, and supporting local contribution with zero government capital, thus reducing the budget burden.
The project aligns with the Eastern Region’s contribution to Saudi Vision 2030 goals and aims to:
- Boost the region’s economy
- Boost industrial production
- Create job opportunities for local residents
- Improve the quality of life
According to the municipality, it has offered more than 400 permanent and temporary investment opportunities in various cities and governorates of the Eastern Region.
It has also catalogued more than 20,000 investment assets covering an area exceeding 116 million square meters, which represent a substantial investment in the region.
The municipality aims make available 5,000 investment opportunities by the end of 2026 and to utilise more than 90 per cent of its investment assets.
The municipality invites interested investors and entrepreneurs to contact the municipality’s Investment Excellence Centre. They can view details about the investment opportunities through the digital platform for investment in Saudi cities and the Furas application.
